PARIS--(BUSINESS WIRE)--Regulatory News:
Tikehau Capital (Paris:TKO) announces its role as lead manager in securing funding of up to €65m for Oodrive, the European leader in sensitive-data management solutions, to accelerate the group’s growth. Oodrive has thus completed the largest-ever fund-raising deal by a non-listed French software publisher.
The French group Oodrive, which was created in 2000, rapidly imposed its presence as the leader in the sensitive-data management market, providing Cloud-based file-sharing, protection and electronic signature solutions.
The growing need for increasingly mobile, confidential and secure on-line corporate data sharing, has led to a surge in demand for the solutions provided by Oodrive.
Moreover, increasingly stringent French and European regulations, relating to personal and corporate data protection, have increased the needs among professionals for solutions which enable them to comply with these new obligations.
The deal will enable Oodrive to expand by broadening its range of solutions, in order to become a key trusted partner for its clients in France and internationally and also enable the group to pursue potential external growth opportunities.
Antoine Flamarion, Tikehau Capital co-founder declared: “We are delighted to have been the lead manager in this deal supporting Oodrive’s development. Since its creation, the company has always been at the forefront of innovation and proven its remarkable agility in anticipating and addressing market needs. We are convinced of the strong growth potential of Cloud-based data-sharing and protection solutions and we share the ambition of creating the undisputed European leader in this field”.
Tikehau Capital has taken part in this deal through direct investment alongside the Novi 1 fund, MI3 and NextStage.
Novi 1 is a specialised loan fund, launched in July 2015 by the CDC, the French Federation of Insurance Companies (FFSA) and 21 other institutional investors, including 19 insurance companies and 3 pension funds, designed to support growth, international development and innovation among small and mid-sized French companies. Novi 1, a SICAV with 21-year maturity, is the first long-term investment fund securing funding through equity or other capital securities and/or senior debt in the form of bonds or loans.
The deal is expected to close in early May 2017 at the latest.
Following the deal, the three company founders, Stanislas de Rémur, Edouard de Rémur and Cédric Mermilliod retain a majority stake in Oodrive.
About Tikehau Capital
Tikehau Capital is an asset management and investment group which manages approximately €10bn of assets, with shareholders’ equity of €1.5bn. The group invests in various asset classes (private debt, real-estate, private equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs 170 staff in its Paris, Milan, Brussels, London and Singapore offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)