|
|
|
News |
|
|
24/06/2010 CITA FCPR1 sells its investment in Liévinoise de Participations Through Stella Holding, Barclays Private Equity becomes the new majority shareholder, allowing the exit of CITA FCPR1 and other investment funds led by Azulis Capital since 2003. The acquisition of Profalux in 2007 had initiated a new phase of development and doubled the size of the group. Having reached a turnover of € 84 million in 2009, the group made up by La Toulousaine, Profalux and Les Portails d’ANC now offers professional four major product families: metal curtains and grilles, sectional doors, shutters and portals. 25/02/2010 Cita FCPR1 sells its stake in FreejumpSystem to Look Cycle As part of its development and diversification strategy through the acquisition of innovative and successful brands, Look Cycle has acquired from Cita FCPR1 and SFFP a majority stake in Freejumpsystem. Look Cycle is the inventor and world leader in automatic road pedal and the European leader in premium carbon frames. Freejumpsystem has developed, since 2004, the first automatic stirrup system, inspired from ski bindings and automatic bike pedals, and the first shoe really dedicated to horse riding. The brand has also worked for several years with professional riders to design a range of shoes and stirrups combining safety and performance. The merger of the two companies should enable them to experience a new stage of growth and development.
30/01/2009 L4 strengthens its partnership with DHL DHL Exel Supply Chain has retained the L4-Epsilon solution as a technological foundation for its new e-commerce logistics integrated offering. This choice from a large player in the logistics field confirms the relevance of L4-Epsilon solution for e-commerce. For the first time, e-commerce professionals benefit from an all-in-one solution covering strategic consulting on the construction of e-commerce model, warehouse operations, and direct distribution and precision logistics adapted to e-commerce customers.
17/01/2009 FCPR1 sells its stake in CB News CM-CIC Private Capital and Oddo AM have acquired the investment of Cita FCPR1 in the Com & Co holding company, which controls CB News, CB TV and Tarif Media. After the deal, CIC and Oddo will hold about 40% of the capital.
01/12/2008 Cita FCPR1 sells its investment in Financière Burgienne group to 3M Two years after Faab and Fabricauto being brought together, shareholders led by FPG-LFPI sell the registration plates specialist to 3M. The group achieved in 2007 a consolidated € 60 million in sales with 210 employees near Bourg-en-Bresse and Macon. 3M is the inventor of retro-reflective films used in the manufacture of plates, for marking vehicles and for road signs. It has long been a provider of retro-reflective films for FAAB and FABRICAUTO products distributed through a network of more than 20 000 outlets. The prospect of car number plates re-issuance from 1 January 2009 suggests an explosion in demand for years to come.
20/10/2008 Figaro group enters 3D web with Yoowalk With more than 10 million unique visitors, the Figaro group is in touch with one in three French web surfers through a galaxy of sites. The new 3D interface developed by Yoowalk allows users to discover the content of Le Figaro Group sites including lefigaro.fr, in the form of dwellings in 3D, called walksites, similar to a town and its streets. No software nor specific setting is required. Through this partnership, the Figaro Group illustrates its ability to adapt its activity, providing information, to new technological developments.) .
Linagora acquires a presence in Marseille LINAGORA has announced today the acquisition of BashProfile and the opening of LINAGORA GSE (Greater South East) in Marseille. Well integrated within the local ecosystem, BashProfile has gained a strong reputation in the past 4 years, especially around its free workstation. In addition to its international presence in Brussels and San Francisco, LINAGORA now also has a strong national presence in France with branches in Paris, Lyon, Toulouse and Marseille. The second city in France, an economic hub, a unique geographical location, Marseille has the required attributes to attract LINAGORA, especially since athere was no major player in the region on the market for free software that could provide the leadership necessary to support an emerging Open Source environment. Beyond a national presence, the strategy of the group is also to provide proximity service.) .
04/07/2008 Ucopia signs a partnership with Cisco Ucopia Express, the wireless access control appliance from mobility management solutions provider Ucopia, is offered by Cisco in conjunction to its Smart Business Communication System solution. This partnership was preceded by two other strategic alliances, one with Aastra, the other with Nec. This vitality of Ucopia also translates into figures. The company has doubled its revenues in 2007 and tripled the number of new customers. In 2008, Ucopia expects to double again its turnover and to sell more than 2000 boxes.) .
30/06/2008 Yoowalk launches the beta version of its site www.yoowalk.com Yoowalk is a virtual world in Flash where users can, all in 1 click, meet their friends in 3D, create their personal space and invite their friends, surf in 3D on the web with other users, and build a 3D version of their website. This revolutionary service adds 3D to the concepts of Web 2.0, allowing users to interact live, congregate, walk together and share their interests .
05/02/2008 L4 Logistics inaugurates a new platform L4 Logistics offers its customers its full expertise in logistics on a new platform - L4-3PL – located in Ris-Orangis near Paris. The 9000 m² site has capacity to process thousands of e-commerce orders per day. Based on the L4-Epsilon production system, it operates with a high level of quality of service, reduced costs and flexibility.) .
30/01/2008 Cita FCPR1 invests in Yoowalk first round of financing Founded by Xavier MARVALDI, previously General Manager of M6web, the company develops the website www.yoowalk.com, a 3D community service never seen before. YOOWALK was selected at the international LeWeb3 conference as one of the 30 most promising startups of the moment, has closed its first round of funding with CITA Gestion and business angels, notably Alexis CAUDE, founder and president of Newsweb Group (see the press release).
05/12/2007 Release of the movie "Lucky Luke - Tous à l'Ouest " produced by Xilam The movie was directed by Olivier Jean Marie and designed using 2D/3D synthesis image technology with 220 000 hand drawn images. The movie cost 15 million euros and was shot mainly in Paris.
19/07/2007 Cita FCPR1 invests 800 K Euros into Freejumpsystem Freejumpsystem is a high tech French company incorporated in 2001. Its mission stems from the observation that riding - especially showjumping - is a fast changing sport where riders are looking for increasingly technical products to ensure better safety, improved performance and greater comfort for their horses. Following the Freejump collar, the range of products is expanding with the rollout of the X'up stirrup with its automatic release feature and the matching Es'one shoes and Mini chaps. Cita FCPR1 invested alongside the initial sponsors Fa Dièse, a business angel fund, and SFFP (CIC group) to finance the commercial expansion of Freejumpsystem.
19/06/2007 Linagora and Aliasource new leader in France for open source software Linagora and Aliasource have allied to give birth to a team of over 100 persons aiming at a turnover of 9 million € in 2007. The new group has a national presence with offices in Paris, Lyon and Toulouse (see the press release).
31/05/2007 A new shareholder for Allociné Tiger Global Management, a New York based investment fund, has acquired a majority stake in Allociné, the French leader in cinema information and services on the web and mobile phones. The management team, including COO Grégoire Lassalle, will remain shareholders, along with existing financial investor CITA FCPR1. Bertrand Stephann, previously CEO of Allociné, will develop new projects in the media industry.
06/02/2007 New acquisition for La Toulousaine Liévinoise de Participations, the holding company for group FTFM La Toulousaine, acquired Profalux Industrie last February. Created in 1969, Profalux Industrie is specialized in the manufacture and sale of aluminum window shutters and associated products. Together, the two companies will constitute a significant actor in the field of closing equipment for buildings, with an activity balanced between curtains and grilles, sectional doors, and window shutters.
31/12/2006 2006 assessment : 6 major events CITA FCPR1 invested in two new companies over the year : - Development: Linagora ( free software) ; - MBO : ARIA Technologies (environment). CITA FCPR1 sold its investments in ARPIDA (biotechnologies) and in 1001 Listes (wedding lists) as well as a large share of its investment in Direct Energie (electricity supplier) when the control of the group was taken over by the Louis Dreyfus group. Finally, CITA FCPR1 took part in the financing of the purchase of Fabricauto (car registration plates) which rounds off its investment in Faab.
14/12/2006 TF1 acquires 1001 listes The TF1 Group, via its subsidiary Teleshopping, has bought from Butler Capital Partenaires, CITA FCPR1 and the founder of the company, Pauline d’Orgeval, a 95% interest in the company 1001 Listes. Pauline d’Orgeval still holds 5% of the company and will continue to manage it in her capacity as Chairman and General Manager. Founded in 1999 1001 Listes is the leader in wedding list activity on the Internet with a turnover exceeding 20 million Euros. CITA FCPR1 had been a shareholder and a member of the Board of Directors of the company since 2003.
11/12/2006 Cita FCPR1 sells its shares in Arpida Following the flotation of Arpida, CITA FCPR1 progressively sold all of its shares over the year 2006.
29/11/2006 ARIA takes off on its own accompanied by CITA FCPR1 ARIA Technologies SA, a company created in 1990 and specializing in the study and modelisation of atmospheric environment, is leaving the Air Liquide group and speeding up its development.The company has a staff of about 30 members throughout Europe. CITA FCPR1 is accompanying the managers of ARIA in this move.
14/09/2006 CITA FCPR1 takes a share in the takeover of Fabricauto The investment funds of Group Lazard (FPG-LFPI), CITA FCPR1 and CITA have carried out the merger of Faab and Fabricauto shareholders, the two companies being the major French manufacturers of automobile license plates. The change in the registration system of vehicles, aiming at simplifying procedures for delivery of registration plates and improving tracing of vehicles will henceforth be characterized by a lifetime license for each vehicle and public authority strengthening of demands for market providers. In the mid term a complete re-registration of all french vehicles is to be carried out over the period 2008-2013. In this way shareholders aim to combine industrial and commercial efforts for the group to be in a sound position to meet the evolution of the French market and eventually to secure a position on the expanding European market. CITA FCPR1 has been a shareholder in Faab since 2004 and took part in this operation proportionally to its investment in the capital of FAAB.
22/06/2006 Cita FCPR1 sells partially its stake in Direct Energie The LOUIS DREYFUS Group has invested in Direct Energie through purchase of shares owned by historical investors in the company and by taking part in an increase of capital. CITA FCPR1, remains a member of the Board of the company, and along with Crédit Agricole PE and NBGI, holds on to some of its shares . The arrival of the Louis Dreyfus Group, well known for its ability to operate on markets recently opened to competition, represents for Direct Energie recognition of the work accomplished so far and a major step in its preparation for the July 1st 2007 opening up of the market to the public at large. To date Direct Energie provides more than 70 000 customer sites, private and public entities and business with their electricity.
17/01/2006 Cita FCPR1 invests 1.5 million Euros in Linagora Linagora, with more than 500 customers in France and abroad is one of the reference players on the open source software market. In 2003, the company managed by Alexandre Zapolsky, created TM2L (third party maintenance of open source software) the first offer for mass support and maintenance of Open Source information systems. More recently it has won a support and maintenance contract for a large public account. Funds raised, totalling 1.8 million €uros, will enable Linagora to pursue its development.
31/12/2005 Cita in 2005 : 4 investments, 2 exits Cita FCPR1 made 4 new investments in 2004 : - Seed : Ucopia (Wi Fi) ; - Venture : Télémarket (Internet) ; - PIPE : Xilam (animation) ; - MBO : CB News (press). Cita FCPR1 sold its stake in two companies : Adélior (computer services) and Sport (sport magazine).
08/12/2005 GFI Informatique acquires Adelior and Actif
GFI announced the acquisition
of Adelior (see
the press release) 07/12/2005 Xilam Animation : back to profitability Xilam's results for FY 2004-2005 (ending August 31st) demonstrate the recovery of the company : sales amount to 8.2 million Euros (from 4.9 ME in FY 2004-2005) and net result is in the black at 0.7 million Euros (from a loss of 4.0 ME). Series under production (Shuriken School and Zinzins de l'Espace, saison 2), projects under development and the launch of an animation movie on Lucky Luke give strong visibility for FY 2005-2006.
30/06/2005 Buy back of Telemarket Telemarket, the French leader in internet and phone sales of food products has been sold by Galeries Lafayette Group to the management federated around Roland Coutas, the founder and former executive manager of Travelprice with the support of AGF Private Equity and CITA FCPR1. Over 2004 turnover of Telemarket amounted to 40 million Euros and since the beginning of 2005 growth has been at a two digit level. The transaction will give the company a boost and provide it with the human and financial means needed for its development.
30/05/2005 Semestrials for Xilam Animation Xilam released its semestrial results for the first six months of its fiscal year 2004/2005. It registered a growth in turnover (3.1 million Euros, +30%), and a sharp reduction in losses, at -0.2 million Euros (against -1.5 million Euros for the first six months of 2003/2004) (press release).
07/03/2005
Cita FCPR1 invests in Ucopia Communications
Ucopia Communications raised a
total amount of 4 million Euros from CITA FCPR1, NEPE (Crédit Mutuel
group) XAnge and CIC Vizille Capital Innovation.
Ucopia was created in October 2002 by Didier Plateau and sells security
software and management tools for professional wireless networks, namely Wi Fi.
Ucopia has already equipped some 10 institutions such as INRIA, University
of Tours, University of Orléans,
the Conference hall of Pau as well as the offices of Expert Surveyors. The
amount raised will allow the company to speed up its commercial development. Up
until this most recent fund raising Ucopia was financed by its founders and
business angels. It was also supported by Oseo and Agoranov a public
incubator. 25/02/2005
P.I.P.E. on Xilam
Animation
Cita FCPR1 invested 1.5 million Euros in
Xilam, through an increase in capital. Xilam is an audiovisual
company, focused on the production of cartoons series for television.
The company, chaired by Marc du Pontavice, has recently produced high
quality series such as Lucky Luke, Space Goofs and Ratz. Sales for 2004
were 4.9 million Euros, and should exceed 8.5 million Euros for FY closing
on Aug. 31st, 2005.
Xilam is listed on Eurolist (C compartment, code XIL). 18/02/2005
Cita FCPR1 increases its stake in Adélior
Cita FCPR1 increased its investment in
Adélior. The total investment in the company exceeds 7 million
Euros.
Adélior registered a turnover of 39 million Euros in 2004 versus 16 million
Euros in 2003, with a profit. Several acquisitions are currently under study
in order to reach quickly 100 million Euros of sales. 05/01/2005
MBO
on CB News Christian
Blachas, CEO, Margareth Figueiredo, Managing Director and Cita FCPR1
acquired CB News from the Munich
based Süddeutscher Verlag, owner of the company since 2000. CB
News is the leading professional magazine about media and advertising in
France. Created in 1986 by Christian Blachas, CB News registered a
turnover of 6 M Euros in 2004. The company has 42 employees. 31/12/2004
Cita in 2004 :
4 new investments, 1 exit Cita
FCPR1 made 4 new investments in 2004 : -
Seed : Direct Energie (energy) -
Venture Capital : Synerway (security software) et Arpida (biotechnology) -
LBO : Faab (registration plates) Cita
has sold its investment in Kelkoo to Yahoo ! 06/12/2004
Direct Energie
raises 3.5 million Euros Direct
Energie, an alternative supplier of electricity, raised 3.5 million
Euros over Q4 2004. This financing was brought wy the existing
shareholders of the company : Cita FCPR1, l'IDI, BNP Private Equity and
CIC Capital Privé. Direct
Energie, a company founded by Xavier Caïtucoli, Fabien
Choné and Thierry Roussel, has more than 10 000 customers, and targets
sales of 50 million Euros in 2005. 20/07/2004
Cita
FCPR1 invests 2.5 million Euros in Faab (OBO) CITA
FCPR1 has taken a share in the capital of the Faab
Group following an OBO (owner buy out) over the company. Other
inverstors are The
Faab group is a European leader in license plates and has also
developed a serigraphy activity. The 2003 turnover was close to 30 million
Euros. Total staff exceeds 100 employees. 21/06/2004
Adélior
acquires Algoriel, listed on the Nouveau Marché (Paris) Adélior
has purchased a 58% stake in capital and 48% of voting rights of Algoriel
from Mr Antoine Aronin. Market quotation of the Algoriel share on the
Nouveau Marché will resume on Monday, June 21st. Within the comoàing
weeks, Adélior will provide the AMF with a project to guarantee value of
the Algoriel shares. Following
the agreement reached with Mr Aronin, Adelior will hold 80% of Algoriel's
capital upon completion of this operation. Cita
FCPR1 invested in Adélior in July 2003. 14/06/2004
Cita
FCPR1 invests 2 millions Euros in Synerway Synerway
raised 2 millions d'Euros from Cita FCPR1. Synerway® invented the
Synerbox™, an appliance designed for saving and restoring data for
volumes from 1 Go to 1 To. The Synerbox™ is dedicated to Small and
Medium Businesses. 03/06/2004
OTC
Innovation enters L4 Logistics's capital L4
Logistics raised 1 million Euros from OTC Innovation and its hisotric
shareholders, Tech Invest (Crédit Lyonnais Private Equity) and Cita
FCPR1. Since January 2004, L4 Logistics has boosted its commercial
development, its solutions of orders preparation being implemented with
new customers such as Norauto, Kiabi and Manutan. 05/05/2004
Cita
FCPR1 enters Arpida's capital Arpida
Ltd is a privately owned Basel-based company dedicated exclusively to
the research and development of novel antibiotics for the treatment of
infectious diseases. The company has juste raised 33 millions Euros, from
Cita FCPR1 and its main shareholders. 02/04/2004
Sport
raises 4 millions Euros and turns weekly Sport,
French leader of the free Sports press, secures the financing of its
develoment plan with a round of 4 million Euros. Since March 19th, the
magazine is published every week with a circulation of 600 000 copies, in
11 French cities. Sport has also strengthened its distribution network,
with partnerships with Air France, SNCF, Galeries Lafayette, Célio, Ibis
and Auchan. 26/03/2004
Yahoo!
buys Kelkoo for 475 million Euros Kelkoo
has been acquired by Yahoo! for 475 million Euros (US$ 575 million). Cita
was a shareholder of Kelkoo since July 2000. Created
in 1999, Kelkoo compares the prices of more than 3 million products sold
by more than 2,500 merchants. In February 2004, Kelkoo attracted 8.7
million unique visitors connecting to the Web from home in eight European
countries tracked by the research firm Nielsen/NetRatings. About 250
employees work for Kelkoo. Yahoo anticipates retaining all of Kelkoo's
work force. With
Kelkoo, Yahoo! offers more ways to find merchandise and information on the
Web. The acquisition of Kelkoo comes after the buying of other
search engines, such as Inktomi and Overture (more
information).
13/01/2004
Cita
FCPR1 invests in Direct Energie Direct
Energie is an alternative electricity provider fully dedicated to
small and medium businesses. From July 1st, 2004, these companies will
choose freely their electricity provider. Founded in April 2003 by Xavier
Caïtucoli, Fabien Choné and Thierry Roussel, Direct Energie ambitions to
become a leader of this new market.
This first round of financing includes Cita FCPR1, IDI, BNP Private Equity
and CIC Capital Privé. 31/12/2003
High
level of new operations for Cita Gestion in 2003 In
2003, six new companies joined Cita Gestion's portfolio through : -
one LBO (La Toulousaine) -
two deals of development capital (Locamex Holding and Adélior) -
two deals of venture capital (1001 Listes and Sport) -
one acquisition (Allociné)
17/11/2003
Cita
FCPR1 brings 2.5 million Euros to Locamex Holding This
investment supports the continued development of the group in the field of
equipment rental to building and construction professionals. The Group
intends to widen its offer with the equipment rental of electric portable
tools and to the trade of these equipments. The geographical presence of
the Group covers 19 rental points spread over the of areas Ile of France,
Normandy, Picardy, Centre, Lorraine, Rhone-Alpes. The
Locamex group is managed by Charles Debeaud, Arts and Métiers engineer,
active in the trade since 1986.
26/09/2003
Cita FCPR1 invests in Sport,the
first free weekly newspaper on Sports Sport,
Médias & Stratégie launches on October, 10th, 2003, Sport
free attitude, the first free
weekly newspaper on sports. It will be distributed in 10 French cities,
including Paris, Lyon, Marseille. The three founders, Francis Jaluzot,
Bruno Breton and François Rossignol have together a strong experience in
press and advertising. Other investors include business angels with a
track record in communication and the Caisse des Dépôts et Consignations
group (CDC PME, Avenir Tourisme).
12/09/2003
Buy out of Allociné by the managers and Cita
FCPR1 AlloCiné
is the leader in
sales of movie seats, information on films and movie theatres by internet (www.allocine.com) and telephone (0 892 892 892).
The internet site registers more than 2 million individual visitors and 30
million pages consulted every month. Allociné before this operation was a
subsidiary of the Vivendi Universal group.
31/07/2003
Cita FCPR1 invests in Adélior Adelior
was created
in 2002, within the framework of a build-up operation in computer
services, initiated by IDIA Participations and Vincent Rouaix. Today
Adélior has a staff of 350 located in Paris, Nantes, Orléans, Brest and
Toulouse. The company offers a diversified service in different areas going
from Project Management Consulting, Fixed Rate Engineering Services, Third
Party Maintenance, Facility Management, Online Services and Domain
Specific Software Packages. Cita FCPR1 joined the historic shareholders
when Adélior acquired Euvoxa.
26/06/2003
1 million Euros for L4 Logistics L4
Logistics (logistics service for preparation of retail orders) has
raised Euros 1 million (approx. US $ 1 million) with FCPI
Tech'Invest, managed by CPR Private
Equity (Crédit Agricole Group) and CITA FCPR1. This increase in capital provides L4 Logistics
with the means of an ambitious development, under two directions : logistics services stemming from L4 Logistics wharehouses
for account of its customers and sale of the "Epsilon" system so
that customers can set it up within their own logistics services.
26/02/2003
Cita FCPR1 takes part in the LBO on FTFM La Toulousaine FTFM
La Toulousaine, created in 1975, is the French leading manufacturer of safety
shutters, gates for stores and shops, and sectional doors for the industrial and
residential markets. A successful LBO was conducted between 1998 and 2003. This
experience led the company CEO, Yves Cordonnier, to commit to a secondary
buy-out in which Cita FCPR1 co-invests alongside Banexi
Capital Partenaires and Fonds Partenaires.
05/02/2003
Cita FCPR1 invests in 1001 listes 1001
listes, the specialist in multi-network wedding lists, raised Euros 2 million
(approx.
US $ 2 millions)
from
its historic shareholder, Butler Capital
Partners, and Cita FCPR1. 1001 listes is the third player of the French wedding
lists market, behind two department stores. In 2002, 1001 listes has collected
more than Euros 10 million (approx.
US $ 10 million) of gifts on the wedding lists
opened
with the company.
23/01/2003
A new location for Cita and Cita gestion
Our new office : 11bis rue Balzac, 75008 Paris.
10/12/2002
M. Michel Bouissou is appointed Chairman of CITA
After 12 years of industrial practice and 3 years within the ministry of
Industry, Michel Bouissou joins Banexi in 1980. He successively initiates the
venture capitalist activities, heads the Direction des Participations and then
launches the third party management activity. In 1998, he becomes a member of
the board of directors of BNP Private Equity. Michel Bouissou joins Natexis
Investissement in 2002 as deputy chairman. He holds a degree of ESME.
Michel Bouissou is a director of CITA since juin 2000. He succeeds to M.
Dominique de la Martinière as Chairman of CITA.
04/11/2002
Death of M. Dominique de la Martinière, President of
CITA
Mr Dominique de la Martinière died on Monday, 4th
of novembre, 2002, at the age of 75. Inspecteur général des Finances,
Mr Dominique de la Martinière was Financial Counselor at the French Embassy in
the UK (1966 – 1967), Director of the tax services (1967 – 1973), CEO of the
Cie Générale Maritime (1973 – 1974), of IDI (1975-1984), of Gaz et Eaux
(1977-1990), of CFOA (1979-1992), then of Société Lucia (1993 – 1999). He
initiated the creation of CITA in 1985, and was its Chairman, then
Vice-President, and President again since 2001. He was also first Vice-President
of the Poitou-Charentes Region.
Dominique de la Martinière was Commandeur de la Légion d’Honneur and
Grand Officier of the Ordre National du Mérite. He wrote a remarked book on tax
issues, "L'impôt du diable, le naufrage de la fiscalité française",
published in 1990.
M. Dominique de la Martinière is Honorary Chairman of CITA.
28/08/2002
Lastminute.com buys Travelprice Lastminute.com
buys Travelprice (online
travel agency) to form a leader in France and UK. Travelprice's valuation
amounts to € 50 million. The new Lastminute.com will realize € 10
million per year of synergies. CITA FCPR1 generates a profit on this transaction one
year only after its creation.
15/03/2002
Cita FCPR1 takes a stake in Travelprice Travelprice
(online travel agency) has just finalized an increase in capital, Cita FCPR1
being one of the new investors. This round is complementary to the precedent
increase announced in November 2001. Travelprice sells air tickets, hotels,
packaged tours, cruises, car rental and bargain offers. Travelprice
has established a presence in France, Spain, Italy and Belgium.
With Euros 70 million
(approx.
US $ 70 million) of gross bookings in 2001, the company is a leader in
on-line travel services in Southern Europe (more).
28/12/2001
CITA FCPR1 invests in L4 Logistics L4
Logistics is a logistic company created in 2000, chaired by Alain de
Lamazière. L4 Logistics develops an innovative process adapted to retail trade
of numerous Stock Keeping Units, such as automotive spare parts, cosmetics, mail
order or B2B and B2C e-commerce. L4 Logistics is supported by
Oseo.
17/09/2001
CITA sells its stake in the Avoriaz ski-lifts SFPT,
which manages the ski-lifts of Avoriaz (skiing area of "les Portes du
Soleil"), has just been sold to Sofival. SFPT was acquired in 1997 through
a LBO. Its main sharelholders, with CITA (10,5% of capital), were Pierre&Vacances,
Union d'Etudes et d'Investissement (Crédit Agricole group), Avenir Tourisme and
Financière Cladel.
11/07/2001
CITA raises € 76 million (press release) CITA
Gestion has just completed the financing of its first fund, CITA FCPR1, in the
amount of Euros 76 million
(approx.
US $ 76 million) , by its historic shareholders : BNP-Paribas, Natexis
Banques Populaires, ICC (subsidiary of Kuwait Investment Authority) and Kuwait
Petroleum Corporation. The
new fund aims at sustaining growth and development of innovative small and
medium sized companies, by making investments in the range of € 1 to 12
million Euros ((approx. US $ 1 to 12 million) . “the fact that the company is a start-up or a more traditional deal
is not a critical factor, what we are interested in is the quality of the
project and the management team”, says Philippe Queveau, Managing Director of
CITA Gestion. In order to fully implement its role as accompanying partner, the
new fund will carry out venture capital, development capital as well as LBO
operations. |
|
| t |