Clipperton Finance acts as co-advisor to Sequans with respect to the participation of Bpifrance in its recent public offering of American Depositary Shares.
Paris – December 9, 2013 – Clipperton Finance, a leading European corporate finance boutique focused on the high tech and media industries, today announced that it had acted as an advisor to Sequans Communications with respect to BPIfrance’s participation in Sequans’ November 21st, 2013 public offering on the New York Stock Exchange of 14,375,000 American Depositary Shares. Sequans Communications is a 4G chipmaker providing LTE and WiMAX chips to leading OEMs and ODMs worldwide. BPIfrance participated in the transaction, investing $8.6 million through its newly created Large Venture Fund.
Sequans Communications’ chips enable 4G connectivity for a broad range of data devices, including consumer electronics, home and portable routers, and machine-to-machine devices. Leveraging extensive R&D capacities and expertise, Sequans Communications achieves a strong technological edge on the LTE market with differentiated solutions and products. Recently announced design wins with major manufacturers validate Sequans’ strategy and are expected to introduce a significant revenue ramp for the company beginning in 2014.
Sequans will use additional funding to strengthen its R&D capacities and support its commercial deployment on high potential markets such as the US and Asia.
Georges Karam, CEO of Sequans Communications, commented on the transaction: “Clipperton continues to be a valued advisor to Sequans and we appreciate the instrumental role they played in the success of our recent equity offering through the participation of BPIfrance.”
Mailys Ferrere, director of the Large Venture Fund at BPIfrance’s “Direction de l’Innovation” added: “Bpifrance is glad to contribute to Sequans Communications’ ambitious development and to support the Company in its strategy to become a new champion of semi-conductors and 4G technologies.”
This transaction comes as another key milestone in the long-standing relationship between Sequans Communications and Clipperton Finance, after numerous private fundraisings successfully managed for the company in the 8 years prior to its initial public offering on the New York Stock Exchange in April 2011.
Nicolas von Bülow, the partner of Clipperton in charge of co-advising on the transaction said, “We are delighted to have accompanied Sequans for the fifth time in the company’s history and really proud to contribute to the emergence of a leader of 4G technologies”.
For more information, please contact:
Nicolas von Bülow, Partner, nvonbulow@clipperton.net
About Clipperton Finance
Clipperton Finance is a European corporate finance boutique exclusively dedicated to the HighTech and Media industries. Clipperton Finance advises high growth companies on financial transactions, fundraisings, capital increases and Mergers & Acquisitions. With a team based in its offices of London, Paris and Berlin, and an international reach, Clipperton Finance is a European leader in the sector. The team has successfully structured more than seventy high level international transactions in the European High Tech sector. For more information, visit www.clipperton.net
About Sequans Communications:
Sequans Communications S.A. (NYSE: SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to original equipment manufacturers and original design manufacturers worldwide. Founded in 2003 to address the WiMAX market, the company expanded in early 2009 to address the LTE market. Sequans chips are operating in 4G networks of leading mobile operators around the world. Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.com; www.facebook.com/sequans;www.twitter.com/sequans