Although 2009 is certainly a year to forget - Unquote

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early-stage unquote McPhy’s cleantech focus was a major attraction for the investors. The deal marks Sofinnova’s fourth investment in this sector, following its funding of DNP Green, Revolt Technology and Neosens. All contributors to this round believe solid state hydrogen storage will address the crucial issue of sustainable energy storage. Company McPhy is a French company founded in January 2008 to industrialise and commercialise a new technology for the solid storage of hydrogen, in the form of magnesium hydride. The technology addresses the merchant hydrogen and renewable energy markets. McPhy owns exclusive rights on a portfolio of unique patents, which results from more than eight years of research at the CNRS and CEA, in partnership with Joseph Fourier University. People Alessio Beverina led the deal for Sofinnova. Bart Diels handled the transaction for Gimv. Florent Thomann represented Amundi PEF. Pascal Mauberger is CEO of McPhy. Advisers Company – Clipperton Finance, Nicolas von Bulow, Thomas Neveux (M&A). EARLY-STAGE EyeTechCare 7.5m Location Sector Founded 2008 Staff 7 Rillieux-la-Pape Medical equipment Crédit Agricole et al. in 7.5m EyeTechCare deal Transaction Crédit Agricole Private Equity and insurance company SHAM have provided medical devices developer EyeTechCare with a 7.5m round of funding. Crédit Agricole led the round with 4.5m, while SHAM invested 3m. EyeTechCare had already raised 1.2m in 2008 from Crédit Agricole and CEA-Investissement. The new funds will be used to complete the initial clinical trials on humans, as well as to establish the manufacturing facilities and sales and marketing force required for the company’s first product. The investors believe EyeTechCare’s solution will respond to unmet needs in the treatment of glaucoma. Crédit Agricole, which has been following the company since its inception, was particularly impressed with the management team’s progress over the last two years. Company EyeTechCare was founded in 2008 and is based in Rillieux-la-Pape, near Lyon. With a staff of seven researchers, it specialises in non-invasive therapeutic medical devices using ultrasound technology. The company is currently developing an ultrasound-based medical device for the treatment of glaucoma; its market launch is scheduled for early 2011. People Alexia Perouse handled the transaction for Crédit Agricole. Olivier Szymkowiak represented SHAM. Fabrice Romano is the chairman of EyeTechCare. Advisers Equity – Morgan Lewis Bockius (Legal). Company – MAGS (Legal); Aelios Finance (Corporate finance). 18 UNQUOTE AUGUST/SEPTEMBER 10 ENTIRE CONTENTS COPYRIGHT 2010 INCISIVE MEDIA INVESTMENTS LTD www.unquote.com/france
unquote expansion Expansion capital is provided to support the growth and expansion of an established company and must include an element of equity financing. Funds may be used to enable increased production capacity, market or product development and/or to provide additional working capital. Acquisition finance provided to a new or existing investee company to support its acquisition of a target or targets is also included in this section. Butler invests 15m in Christian Bernard Transaction Butler Capital has invested 15m in French jeweller Groupe Christian Bernard, acquiring slightly less than 50% of the company. The company’s founding shareholders retain the remaining stake. Butler was attracted by Christian Bernard’s position in the French jewellery market. The fresh capital will be used to accelerate the company’s international expansion. Company Christian Bernard was founded in 1973 and launched its first collection in 1976. The company designs, manufactures and distributes watches and jewellery under its own name and through licensing partnerships. In 2005, the company purchased the retail chain Oro Vivo to directly sell its products in Germany, Switzerland, Spain and Portugal. Christian Bernard has also expanded to Asia to manufacture some of its products and distribute them in local markets. EXPANSION Groupe Christian Bernard 15m Location Paris Sector Clothing & accessories Founded 1973 Turnover 150m (2009) Staff c4,000 The group currently employs 4,000 staff and posted a 150m turnover in 2009, 60% of which was generated outside of France. More than half of its sales are made through wholesale, while 45% is through the retail market. People Pierre Costes and Frédéric Favreau led the deal for Butler. Damien Verrier is chief executive of Christian Bernard. Advisers Equity – CGR Legal, Philippe Raybaud (Legal); Duff & Phelps, Sophie Moreau, Cédric Hetzel (Financial due diligence). Company – Murène, Dinah Emsalem (M&A); UGGC, Charles-Emmanuel Prieur, Laura Malach (Legal). 123Venture invests in Redman Promotion Transaction 123Venture has provided real estate company Redman Promotion with a first round of fundraising. The size of the investment has not been disclosed, but has been confirmed as less than 10m. The funds will be used to create two new subsidiaries for Redman – one focused on office buildings and the other on residential housing – with the ambition of launching 10 additional real estate operations. 123Venture saw potential in Redman’s project due to a shortage of housing in France. EXPANSION Redman Promotion
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Although 2009 is certainly a year to forget - Unquote

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