Although 2009 is certainly a year to forget - Unquote
Although 2009 is certainly a year to forget - Unquote
Although 2009 is certainly a year to forget - Unquote
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expansion<br />
unquote<br />
marketing and negotiation ass<strong>is</strong>tance. While th<strong>is</strong> <strong>is</strong> done for external promoters, Redman also manages<br />
its own portfolio through its Promotion branch. Operating out of Par<strong>is</strong> and Aix-en-Provence, Redman<br />
employs 12 people and generated a turnover of 5m in <strong>2009</strong>.<br />
People<br />
Eric Philippon handled the investment for 123Venture. Nicolas Ponson <strong>is</strong> founding partner and<br />
manager of Redman.<br />
Adv<strong>is</strong>ers<br />
Equity – Reed Smith, Stéphane Illouz (Legal).<br />
EXPANSION<br />
Oxat<strong>is</strong><br />
4m<br />
Location Marseilles<br />
Sec<strong>to</strong>r Internet<br />
Founded 2001<br />
Staff 40<br />
Crédit Agricole PE et al. invest 4m in Oxat<strong>is</strong><br />
Transaction<br />
Crédit Agricole Private Equity and A Plus Finance have provided 4m for e-commerce solutions<br />
provider Oxat<strong>is</strong>. Crédit Agricole PE will provide 2.5m, while previous inves<strong>to</strong>r A Plus Finance will<br />
give a further 1.5m. A Plus previously invested 1.33m in the company in 2008.<br />
The new funds will be used <strong>to</strong> enhance Oxat<strong>is</strong>’ software platform and offer its programme <strong>to</strong> other<br />
relevant businesses. The company also plans <strong>to</strong> quickly bolster its team, from 40 staff <strong>to</strong> more than<br />
100. The Crédit Agricole team was attracted by Oxat<strong>is</strong>’ product and the robustness of its business<br />
model. It also believes Oxat<strong>is</strong> caters <strong>to</strong> a growing need among French SMEs <strong>to</strong> set up their own<br />
merchant sites.<br />
Company<br />
Establ<strong>is</strong>hed in 2001 by Marc Schillaci, Oxat<strong>is</strong> provides cloud-computing e-commerce platforms<br />
for around 6,500 clients. Its technology enables SMEs, craftsmen and merchants <strong>to</strong> incorporate e-<br />
commerce software in<strong>to</strong> their websites. The company also enables businesses <strong>to</strong> get started on the<br />
internet and sell more without large set-up costs and long-term contracts. One in three e-commerce<br />
websites in France uses the Oxat<strong>is</strong> platform.<br />
People<br />
Renaud Poulard and Franco<strong>is</strong>-Xavier Dedde led the deal for Crédit Agricole. A Plus was represented<br />
by Niels Court-Payen, Jean-Michel Pimont and Alexandre Villet. Marc Schillaci <strong>is</strong> chairman of Oxat<strong>is</strong>’<br />
executive board.<br />
EXPANSION<br />
Nuxeo<br />
$3.3m<br />
Location Par<strong>is</strong><br />
Sec<strong>to</strong>r Software<br />
Founded 2000<br />
Turnover 3m<br />
Adv<strong>is</strong>ers<br />
Equity – Gide Loyrette Nouel, Pierre Karpik (Legal); Ernst & Young, Emmanuel Picard, Franco<strong>is</strong><br />
Poncet (Financial due diligence).<br />
Company – Kahn & Associés, Marie-Laure de Cordovez (Legal); Global Equities, Pascal Mercier,<br />
Guillaume Teboul (Corporate finance).<br />
OTC injects $3.3m in<strong>to</strong> Nuxeo<br />
Transaction<br />
OTC Asset Management has provided content management solutions provider Nuxeo with $3.3m.<br />
OTC previously invested $2.6m in late 2008, for a 41% stake in the company. The private equity house<br />
20 UNQUOTE AUGUST/SEPTEMBER 10 ENTIRE CONTENTS COPYRIGHT 2010 INCISIVE MEDIA INVESTMENTS LTD<br />
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