Cet article Maddyness – Pourquoi le private equity s’impose face au venture capital dans la tech européenne est apparu en premier sur Clipperton Finance.

When we started covering the Office of the CFO (OCFO) space, the market was still highly fragmented, with CFOs juggling dozens of point solutions across accounting, cash management, and expense workflows. Today, the convergence toward integrated financial platforms has become the defining trend – and private equity is at the centre of this transformation.

📌 Some highlights from the 2026 report:

• The OCFO software market is estimated at ~€70bn in 2025, growing at ~9% per year to reach €107bn by 2030. SMBs and the mid-market are the primary engines of this expansion, with adoption rates accelerating at 10-20% annually as companies replace Excel-based workflows with cloud-native platforms.
• Europe remains a highly fragmented market – and a major opportunity. With over 60 accounting software solutions active across the continent and the EU’s ViDA e-invoicing mandates rolling out from 2026, the push for digital compliance is catalysing a new wave of software adoption and cross-border consolidation.
• Private equity accounts for over 50% of exits in the OCFO space over the last five years. Build-up strategies – where PE-backed platforms absorb smaller players – represent the largest share of deal volume at 30–35%, as the market moves decisively toward unified platforms that combine accounting, cash management, spend control, and FP&A under one roof.
• Q1 2026 marked a normalization in valuation multiples, with EV/NTM Revenue declining to 3–5x (from 6–7x in Dec-25) and EV/NTM EBITDA to 12–15x+ (from 15–20x+ in Dec-25). This reflects a moderation from previously elevated valuation premiums driven by stickiness and/or whitespace. As this normalization flows into private markets, only top-tier assets with strong AI moats are expected to sustain premium valuations.
• AI is set to deepen, rather than erode, the moats of established OCFO platforms. Proprietary financial data, compliance depth, and embedded workflow knowledge are assets that generic AI models cannot replicate. In the SMB segment, especially, the most critical barrier to entry remains distribution and operational execution – a capability that AI alone cannot substitute, but can make significantly more scalable.

Our study, based on proprietary transaction data, exclusive market intelligence from Dedale Intelligence, and a 20-year track record advising tech companies on M&A, LBOs, and growth financing, is intended as a practical guide for founders, investors, and PE sponsors navigating this rapidly consolidating market.

What’s covered in this report:

• Market sizing and growth drivers: a €70bn market heading to €107bn by 2030, with a focus on SMBs and mid-market;
• The European opportunity: regulatory fragmentation, ViDA e-invoicing mandates, and the race to build pan-European platforms;
• Platform convergence: how accounting, cash, and spend management providers are merging into unified CFO suites;
• AI as an accelerator: from copilots to agentic workflows, and why process knowledge matters more than the model;
• Consolidation and valuations: PE-led build-ups, 60+ precedent transactions, listed peer benchmarks, and the most active buyers.

Authors:

• Vanessa Sorel, Executive Director
• Grégoire Bonnet, Associate
• Stéphane Valorge, Senior Partner, Head of Research

Cet article Office of the CFO – A Universe in Expansion and Consolidation est apparu en premier sur Clipperton Finance.

Cet article Capital Finance – Logiciels Financiers : Le Private Equity à l’assaut du bureau du DAF est apparu en premier sur Clipperton Finance.

Clipperton acted as exclusive financial advisor to the shareholders of Instant System, the French leader in Mobility-as-a-Service solutions, on the acquisition of a majority stake by a syndicate formed by Meanings Capital Partners and Bpifrance.

Our Client

• Founded in 2013 and headquartered in Sophia-Antipolis (Alpes-Maritimes), Instant System is the French leader in digital mobility solutions, providing white-label platforms that enable transport authorities and operators to deliver seamless, multimodal travel services – covering information, ticketing, booking, and data analytics.
• Instant System’s solutions are used daily by more than 20 million people across public transport networks in eight out of thirteen French regions (including Ile-de-France) as well as numerous French metropolitan hubs (Aix-Marseille-Provence, Lyon Métrolople…). Serving more than 100 clients overall, Instant System also has an international presence, with customer references in Southern Europe, North Africa, and North America.
• Thanks to its strategic application serving as an interface between users, operators, and local authorities, Instant System has established itself as a reference solution in France and internationally. The company relies on robust technology, recognized by major organizations such as the Paris 2024 Olympic Games. It conducts ambitious R&D, leading it to participate in several major European development projects.

Deal Rationale

• Meanings Capital Partners and Bpifrance are acquiring a majority stake in Instant System from previous investors Demea Invest (who is reinvesting alongside the new investors) and Opera Tech Ventures. Co-founder and CEO Yann Hervouët is reinvesting the vast majority of his stake, and so is the management team. Entrepreneur Invest completes the round via a bond loan.
• Instant System aims at pursuing its development in the French market, particularly by winning new clients among local authorities and regions. Deploying additional modules is also an identified growth axis in a context where MaaS investments are becoming increasingly strategic for territories. The company also intends to accelerate its international expansion, opening new markets around the world. 
• Yann Hervouët, CEO of Instant System, stated: “The entry of Meanings Capital Partners is a decisive step for Instant System. We were particularly convinced by their understanding of our market and company culture, their ambition for long-term value creation, and their ability to sustainably support innovative companies in France and internationally”.

Clipperton’s track record in advising Smart Mobility leaders

This transaction reinforces Clipperton’s expertise in advising high-growth technology businesses in the mobility and smart city space, following landmark transactions such as recent investments from Antin in Matawan and Great Hill Partners in Peter Park.

Deal Team 

• Martin Vielle, Partner
• Arthur de Lembeye, Vice President
• Pierre Pinsault, Associate

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Instant System, European MaaS leader, opens its capital to Meanings Capital Partners and Bpifrance to accelerate its international expansion est apparu en premier sur Clipperton Finance.

Clipperton releases today its Cybersecurity Market Monitor 2025. Building on last year’s edition, this report analyzes the valuation landscape in the cybersecurity space, covering public market performance, transaction activity across Europe and North America, and the emerging themes shaping the sector.

Cybersecurity Software: Resilience in a Polarized Market

The Clipperton Cybersecurity Software Index delivered a resilient +11% return in 2025, outpacing the BVP Emerging Cloud Index (-5%) while trailing the NASDAQ (+21%). This relative lag reflects the broader software slowdown: as enterprise software deployments cool, demand for incremental security seats and new workload protection naturally follows suit.

The year was defined by sharp market polarization. Our analysis categorizes the cybersecurity universe into three distinct archetypes, each reflecting a different relationship between growth, profitability, and market sentiment:

• High Performers: Cybersecurity leaders with a Rule of 40+ profile, combining hyper-growth with scalable profitability (e.g. Cloudflare, Crowdstrike, Palo Alto Networks, Zscaler): +36% in 2025, trading at a median 18.5x EV/Revenue;
• Mature Companies: Established players prioritizing high EBITDA margins (>35%) over top-line expansion (e.g. Fortinet, Check Point, Qualys): -4% in 2025, valued at a median 14.1x EV/EBITDA;
• Low Performers: Vendors undergoing operational or strategic transitions, with decelerating growth and compressed multiples (e.g. SentinelOne, Okta, Trend Micro): -30% in 2025, at a median 4.5x EV/Revenue.

Outlook 2026: The Strength of Platformization

The early weeks of 2026 have put the broader software market under significant pressure, with the enterprise software index down over 26% year-to-date. Against this backdrop, our cybersecurity index is down approx. 15% over the same period. This resilience is most pronounced among leaders such as Palo Alto and CrowdStrike, which benefit from genuine “cyber platform” status and high switching costs.

Download and read our full analysis for deeper insights into the key trends shaping the cybersecurity investment landscape.

Authors: feel free to reach out to discuss these insights:

• Thibaut Revel, Managing Partner
• Richard Hooper, Managing Partner
• Dr. Nikolas Westphal, Managing Partner
• Olivier Combaudou, Partner
• Pierre Pinsault, Associate
• Jérémy Vignola, Analyst

Cet article Cybersecurity Market Monitor 2025 est apparu en premier sur Clipperton Finance.

Banque d’affaires indépendante spécialisée dans la tech, Clipperton accompagne depuis plus de 20 ans les entrepreneurs européens dans leurs opérations stratégiques : M&A, levées de fonds et financements structurés.

Nous abordons :

• Les options pour financer la croissance de sa société, leurs spécificités et les risques associés (dette bancaire, dette privée, mezzanine ou fonds propres)
• Comment arbitrer entre financement dilutif et non dilutif selon le profil de risque
• Les spécificités du financement des sociétés technologiques (ARR, croissance, rentabilité pilotée)
• Les conseils de Laurence pour choisir la bonne structure de financement et le bon timing

Lien vers la vidéo : https://www.youtube.com/watch?v=Fi9RB4jVI5w

Cet article Pourquoi se financer avec de la dette est game changer pour les CEOs de la tech est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to the shareholders of Stereolabs, the global pioneer in AI vision and perception solutions, in the context of its sale to Ouster, Inc., a leader in sensing and perception for Physical AI [NASDAQ: OUST].
• With this acquisition, Ouster now offers Physical AI’s first unified sensing and perception platform, combining high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and cutting-edge AI models.
• This transaction is another milestone in Clipperton’s long-standing track record of advising enablers of the Physical AI revolution, with previous transactions including Automation & Robotics’s sale to EssilorLuxottica, VSORA’s €40m Series B round, or Neural Concept’s $27m fundraise led by Forestay.

Our Client

• Founded in 2010 by Cécile Schmollgruber, Edwin Azzam and Olivier Braun, StereoLabs provides high-quality 3D vision for advanced perception systems, developing advanced 3D perception technologies that enable machines to see, understand, and interact with the physical world in real time.
• Through its proprietary ZED stereo camera platform and software ecosystem, Stereolabs delivers high-performance depth sensing, positional tracking, and 3D mapping solutions used across robotics, autonomous systems, smart infrastructure, and industrial automation.
• With presence in France and the US, StereoLabs sells its technology on a global scale and is trusted by a growing community of developers, researchers, and enterprises, supporting deployments in both commercial and research environments and continuing to drive innovation in next-generation autonomous and intelligent systems.
• Co-founders Cecile Schmollgruber, Edwin Azzam, and Olivier Braun will continue to lead the StereoLabs team with the support of Ouster who commits to maintaining continuity for StereoLabs’ products, global customer base, and developer community.

Deal Rationale

• The transaction positions Ouster as the foundational, end-to-end sensing and perception platform for Physical AI. This platform integrates high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and advanced AI models.
• With this acquisition Ouster fuses industrial-grade Ouster digital lidar with StereoLabs ZED cameras to deliver seamlessly synchronized and calibrated data out-of-the-box; combines high-density stereo camera data with the range and accuracy of lidar data to optimize object manipulation, safety, and navigation; and simplifies customer development while reducing costs with best-in-class customer support from prototype to production.
• On top of strengthening Ouster’s software capabilities, the deal significantly increases total addressable market across the robotics, industrial, and smart infrastructure verticals through new vision and AI compute solutions; unlocks new high-growth use-cases for humanoid robotics, industrial automation, and visual inspection; and leverages a complete suite of technologies to provide additional value to customers.
• “The future of autonomy is not about choosing between vision or lidar, it’s about unifying them,” said StereoLabs CEO Cecile Schmollgruber. “By combining StereoLabs’ AI vision with Ouster’s digital lidar, we are creating the world’s most capable perception platform to directly address customers’ primary sensor fusion requirements and enable machines to sense, think, act, and learn in the physical world.“

Clipperton’s track record in advising deep tech industry disruptors

This transaction is another milestone in Clipperton’s long-standing track record of advising deep tech innovators, with previous transactions including Automation & Robotics’s sale to EssilorLuxottica, VSORA’s €40m investment, and Neural Concept’s $27m fundraise led by Forestay.

Deal Team 

• Nicolas von Bülow, Managing Partner
• Martin Vielle, Partner
• Arthur de Lembeye, Vice President
• Camille Servant, Analyst

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Ouster Acquires StereoLabs, Creating a World-Leading Physical AI Sensing and Perception Company est apparu en premier sur Clipperton Finance.

• Clipperton acted as exclusive financial advisor to ISAI Expansion on its investment in Fleet, a French scale-up specializing in IT fleet management, equipment, and security for SMEs, through its ISAI Expansion III fund, at a valuation of €100 million.
• This transaction will provide Fleet with the resources needed to accelerate its international development, strengthen its organizational structure, and expand its product offering, while preserving its operational discipline and profitable growth model.
• Fleet’s LBO with ISAI Expansion confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Homeland’s merger with ImmoCity, Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo.  

About Fleet

• Founded in April 2019 by Alexandre Berriche and Sevan Marian, Fleet has gradually expanded its positioning to support SMEs with 5 to 500 employees, often with a strong international footprint, built around three core pillars: IT procurement, with deliveries to over 120 countries in under 48 hours, day-to-day IT fleet management, and cybersecurity.
• Today, Fleet employs 45 people across Paris and Barcelona, serves nearly 2,000 clients – including Swedish unicorn Lovable, restaurant group Nouvelle Garde, and Les Merveilleux de Fred – and operates actively in around ten European countries as well as in the United States. In 2025, the company recorded growth of over 90%, while maintaining a profitable model and a deliberately lean organisation.

Deal Rationale

• After seven years of existence and having been entirely bootstrapped to date, Fleet is opening its capital to external investors for the first time. This primary LBO transaction provides liquidity to the two founders, Sevan Marian and Alexandre Berriche, as well as to employees, while preserving a majority-independent shareholding structure.
• This transaction opens a new phase for Fleet, with priorities focused on structuring the organisation, accelerating development, particularly internationally, and expanding the product offering, while remaining true to the fundamentals that have driven the company’s success: operational excellence, commercial efficiency, and financial discipline. 
• Sevan Marian, CEO and Co-Founder of Fleet, stated: “This transaction marks an important milestone for Fleet. Bringing ISAI Expansion on board is a structuring choice: we share a strong entrepreneurial culture and a clear ambition. It also allows us to provide liquidity to those who have contributed to this journey, while preserving our independence, as we remain majority shareholders.”

Clipperton’s track record with tech-enabled services

Fleet’s LBO with ISAI Expansion confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Homeland’s merger with ImmoCity, Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo.  

Deal Team 

• Antoine Ganancia, Managing Partner
• Marc Schäfer, Executive Director
• Ismail Roqaichaoui, Associate

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Bootstrapped scale-up Fleet opens its capital to ISAI Expansion and reaches €100m valuation est apparu en premier sur Clipperton Finance.

• Clipperton acted as exclusive financial advisor to Concerto, an international group specialized in business intelligence, strategic communications, and public affairs, on the entry of CAPZA into its capital as a minority shareholder.
• This transaction will provide Concerto with the additional resources needed to accelerate its international development, strengthen its presence in high-growth markets, and invest in data-driven and AI-powered capabilities to support its long-term development.
• This transaction further strengthens Clipperton’s track record in the small and mid-market buy-out segments and highlights its expertise in advising high-growth, tech-enabled services businesses, following a series of landmark transactions with clients such as Eskimoz, Matawan, Artefact, or Ekimetrics.

Our Client

• Founded in 2016 and led by François Hurstel, Concerto is an international group specialized in business intelligence, strategic communications, and public affairs, with a strong presence in Africa and the Middle East.
• The group advises companies, institutions, and leaders on navigating complex political, economic, and reputational environments through an integrated approach combining public affairs, communications, media relations, and crisis management.
• Concerto also differentiates itself through its on-the-ground network of local partners and analysts, enabling real-time intelligence and culturally attuned engagement across high-risk and high-growth markets.

Deal Rationale

• With the entry of CAPZA as a minority shareholder, Concerto is accelerating its international development, strengthening its positions in core markets and expanding into high-potential regions, while investing in data-driven and AI-powered capabilities to support its long-term growth.
• This transaction opens a new chapter of growth for Concerto, with no change in governance: the management structure remains centered around its founder and CEO, François Hurstel, alongside the partners and the executive committee.
• François Hurstel, Founder and CEO of Concerto, stated: “This transaction validates our positioning and our ambition at a time when mastering risk, reputation, and narratives has become central. I would like to thank CAPZA for the trust placed in Concerto. This transaction will allow us to accelerate our development while remaining true to our strategic direction.”

Deal Team 

• Thomas de Montille, Managing Partner
• Pierre Pinsault, Associate
• Adib Alhachem, Analyst

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Concerto welcomes CAPZA as a shareholder to accelerate its international expansion est apparu en premier sur Clipperton Finance.

In 2025, Clipperton achieved another strong year advising on more than 30 tech transactions across M&A, buy-outs, debt, and growth financings, representing approximately $2 billion in total deal value.

The firm continued its robust growth trajectory, expanded its footprint in the U.S. with the opening of an office in NYC and the addition of two new Managing Partners, and confirmed the success of its dedicated debt advisory team. As anticipated three years ago, the transition from VC to Private Equity dynamic has fully materialized and has now become the primary exit route for VC-backed tech companies – an evolution in which Clipperton is playing a leading role.

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2026: A Defining Year for Tech as AI Scales and Profitability Takes Center Stage

Heading into 2026, the technology sector is characterized by improving fundamentals and a clearer investment playbook. AI has evolved from a thematic growth driver into a core capability across products, go-to-market strategies, and internal operations, materially enhancing scalability and efficiency. In this environment, investors are placing a premium on businesses that combine defensible technology, recurring revenue, and demonstrated profitability, reinforcing tech’s central role in large-cap M&A, LBO activity, and platform-driven consolidation.

These dynamics are clearly reflected in capital markets and private transactions alike. Public software valuations highlight a pronounced premium for profitable growth, with top-performing companies significantly outperforming peers & trading at higher multiples.

Simultaneously, M&A, LBO, and fundraising activities have seen a strong rebound in terms of value. This highlights the resurgence of significant, large-scale transactions and reaffirms the pivotal role of Private Equity within the tech ecosystem. As AI is increasingly integrated across products, services, and internal operations, the companies that successfully combine sustained growth with strong profitability are clearly establishing themselves as market leaders.

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Clipperton Deal Highlights 2025

Clipperton achieved a record year in 2025 – our strongest since founding the company in 2003 – with over 30 transactions completed across Europe. This exceptional performance is driven by a clear structural trend: the increasing ambition of European tech platforms that are focused on international expansion and strategic financing.

We had the pleasure of advising leaders in their respective segments, including for example:

Tech Private Equity Deals:

• Hublo, leader in digital HR solutions for the healthcare sector, on the entry of Five Arrows via an LBO, enabling the exit of Acton Capital;
• SkillCorner, the leading provider of AI-powered sports tracking data, on its $60m growth investment from Boston-based Silversmith Capital Partners to expand in the U.S., enabling the exit of sports-focused VC fund Seventure Partners;
• Bridgepoint on the €500m financing round in Brevo, the new CRM unicorn, alongside General Atlantic and Oakley Capital (following two prior transactions in 2017 and 2020, already with Clipperton);
• Didomi, the global leader in data privacy solutions, on its $83 million investment from U.S. fund Marlin Equity Partners;
• Peter Park, the leading European provider of AI parking automation solutions, on its strategic growth investment by Great Hill Partners, bringing total funding to more than €100 million;
• FTV Capital on its strategic growth investment into N2F, a leading provider of spend management software.

Trade Sales:

• Automation & Robotics, the global leader in the design and manufacture of automated systems for optical lens quality control, on its sale to EssilorLuxottica;
• Mayday, the leading provider of AI-powered Knowledge Management in France, on its merger with USU GmbH, a global provider of software and service solutions for IT and customer service management, backed by Thoma Bravo;
• Trivec, the leading provider of POS systems in the hospitality industry, on its sale to Caspeco.

Debt Financings:

• Equativ, online advertising monetization platform, on its €200m unitranche refinancing by Eurazeo (following its 2023 LBO, also orchestrated by Clipperton);
• Marietton Development on securing debt financing from a pool of eleven banks to accelerate international expansion, support acquisitions, and reorganize its shareholders’ structure.

Growth Financings:

• VSORA, the global innovator in ultra-high performance computing, on securing a €40 million investment to bring the world’s most powerful, energy-efficient, and cost-disruptive AI chip to market;
• Epsor, a fintech specializing in employee savings and pension schemes, on raising a €16m Series C financing round led by the Fonds Stratégique des Transitions, managed by ISALT, alongside historical investors Revaia and BlackFin.

Ranked number one in France across all three types of tech transactions (fundraising, strategic M&A, LBOs), we also assert our leadership on an international level, including through our dedicated debt advisory team. Its specific expertise, particularly in ARR financing, has been leveraged for several companies such as Matawan and N2F, alongside buy-side advisory work for lead funds such as Antin and FTV Capital.

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­Looking Ahead

As we move into 2026, we do so with strong conviction. Building on sector expertise developed since 2003 and proven transactional execution, we are well positioned to support our clients as demand accelerates for sophisticated and innovative financing solutions. Against a backdrop of rapid technological and market transformation, we continue to leverage our deep industry insight and strategic perspective to help clients navigate complexity and capture opportunity.

We are sincerely grateful for the continued trust of our clients and the unwavering commitment of our teams, whose dedication underpins our ability to deliver impactful outcomes.

U.S. Expansion and Leadership Appointments

We have strengthened our senior leadership team and expanded cross-border:

New York Office Launch

2025 also marked a significant milestone with the opening of our New York office in September. This expansion was led by the arrival of two seasoned Managing Partners, Emily Anderson (formerly of Union Square Advisors and Goldman Sachs) and Richard Hooper (formerly of RBC, Barclays, and Lehman), and was recently further strengthened by the addition of Vice President Charlie Wheatly.

This development reflects the execution of our global strategy and materially enhances our ability to manage transatlantic processes and support clients in transactions involving U.S. investors.

­Xavier Souvras appointed as Executive Director in Paris

Xavier Souvras joined the Paris office in September 2025 as Executive Director.

A seasoned corporate finance professional, Xavier Souvras brings over 10 years of experience to Clipperton, gained from previous roles at Amala Partners and DC Advisory. Throughout his career, Xavier advised mid-market clients across a range of sectors, including technology, business services, leisure & hospitality, and industrials, on a wide variety of capital transactions.

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We have further welcomed 6 new talents to our team in 2025!

Other Corporate News

The Journey from Venture Capital to Private Equity – The 2025 Guide for Tech Startups

Clipperton released its paper “The Journey from VC to PE: The 2025 Guide for Tech Startups”. The report is designed to provide founders, venture capitalists, and stakeholders with actionable guidance on navigating this evolving landscape and optimizing for successful PE transactions.

Clipperton is ranked as a leading TMT advisor in M&A and Private Equity in France

We are honored to once again be recognized in the leading categories M&A (TMT, Smid-Capi, Transactions €30-€150m), PE (Growth Financing, LBO Small-Cap, Debt Advisory), and Health & Pharmaceutical Industry M&A in the Leaders League 2025 ranking.

A heartfelt thank you to our clients, partners, and friends for your continued trust, and to our entire team for their exceptional dedication and expertise.

A Roadmap for Europe’s Tech Future

At Clipperton, we believe Europe must take bold action to secure its place in the next wave of technological innovation.

Our co-founders, Nicolas von Bülow and Stéphane Valorge, outline a roadmap for Europe to build its own foundational tech infrastructure – from cloud platforms to AI processors – and to attract the talent needed to make it happen.

Read the column here.

Empowering Our Positive Impact

At Clipperton, we take pride in our commitment to supporting key innovators in their strategic and financial growth. In the spirit of starting the New Year with impact, we made the choice to support organizations that are positively transforming the world.

Click on this link and select from three thoughtfully chosen charities. Thank you for your participation!

Cet article Clipperton’s Strong 2025 Performance & Outlook for 2026 est apparu en premier sur Clipperton Finance.

Since the start of 2025, our team has successfully closed over 30 transactions, demonstrating our unwavering commitment to guiding clients through every stage of their growth journey.

A heartfelt thank you to our clients, partners, and friends for your continued trust, and to our entire team for their exceptional dedication and expertise.

Cet article Clipperton is named #1 in M&A and Private Equity by Décideurs Magazine est apparu en premier sur Clipperton Finance.

As 2025 comes to a close, we are grateful for a year filled with meaningful projects, connections, and collaborations, and we thank you for your continued trust.

Discover our Season’s Greetings: https://www.youtube.com/watch?v=GbYSE3U1xpw

Cet article Clipperton’s Season’s Greetings est apparu en premier sur Clipperton Finance.

Clipperton acted as the sole financial advisor to Homeland Immo, a leading digital property management platform, on its merger with Immo City, a well-established player in the real estate services sector.

The group will rebrand to Solive, forming the largest digital property management company in France and Belgium, with the aim of continuing its market consolidation strategy.

With the support of both companies’ investors (Andera Partners, Reflexion Capital, Newfund, and CDC Banque des Territoires), the merger will generate significant synergies and create a group with 25m€ combined revenues.

Our Client

• Founded in 2016 by Frédéric Remeur and Renaud Lerooy, Homeland is a digital-native property manager that places technology at the heart of its operations for its employees and clients. The group has experienced rapid growth, both organically and through external growth (nine transactions completed), and currently manages approximately 40,000 properties in the Paris region and Brussels.
• Homeland Immo is the pioneer of “augmented” property management services in France, combining the best of traditional and online condo management through proprietary in-house technology.
• Homeland Immo provides the full range of services of a local property manager, including on-site presence, physical meetings, and the organization of general assemblies, while offering real-time digital access to information, multi-channel communication, and tools that increase the availability and efficiency of its teams.

Deal Rationale

• By combining Homeland’s proprietary technology with Immo City’s teams and portfolios, Solive is accelerating the digital transformation of its businesses. This convergence will generate significant operational synergies through major productivity gains and an improved customer experience.
• With consolidated revenue of approximately €25 million, the Solive group intends to pursue its active strategy of consolidating its market by capitalizing on the scalability of its model and its expertise in integration. To this end, it has already secured financing lines from White Peaks Capital.
• Andera Partners reinvests and remains the reference shareholder alongside Homeland’s management and historical investors. Homeland’s existing investors (Réflexion Capital, Newfund, and CDC Banque des Territoires) are also reinvesting in the transaction.
• Frédéric Remeur, President of Homeland Immo, stated: “This merger marks the birth of a natural consolidator in its market, combining the proximity expected by customers with the improved working tools expected by employees. In a fragmented and poorly digitized sector, the group is setting a new standard in property management. We share a strong ambition for Solive in a sector where the lines are shifting rapidly.”

Clipperton’s strong track record in tech-enabled services

The merger of Homeland Immo and Immo City confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo. 

Deal Team 

• Antoine Ganancia, Managing Partner
• Marc Schäfer, Executive Director
• Ismail Roquaichaoui, Associate

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Homeland Immo joins forces with Immo City to create Solive, the leading digital property management company in France & Belgium est apparu en premier sur Clipperton Finance.

Clipperton acted as sole financial advisor to the shareholders of Equativ, the online advertising monetization platform. Majority-owned by Bridgepoint following the 2023 LBO, the online advertising monetization platform refinanced its debt with Eurazeo.

Our Client & Deal Rationale

• Founded in 2001, Equativ is a leading player in the AdTech value chain, providing an ecosystem of end-to-end technology solutions and services connecting advertisers to audiences (AdServer, Supply Side Platform, Demand Side Platform).
• Equativ covers all major formats, including display, video, and audio, enabling omnichannel campaign execution on CTV and Retail Media.
• The online advertising monetization platform Equativ has grown significantly since its 2023 LBO through both organic growth and acquisitions.
• Clipperton acted as sole financial advisor to Equativ and its shareholders to refinance its existing unitranche and provide additional liquidity for future acquisitions. 

Demonstrating Long-Term Client Commitment

Equativ has been a long-term client of Clipperton since 2019, with this being the 5th transaction advised involving Equativ. Previous transactions include Capital Croissance selling its majority stake in Equativ to Bridgepoint Development Capital, after an MBO in 2021, Kamino Retail’s and LiquidM’s sale to Equativ. It demonstrates Clipperton’s capacity to serve its clients as a trusted advisor in various strategic operations.

This transaction reinforces Clipperton’s rich track record in Martech & Adtech, with many recent landmark transactions such as Eskimoz’s LBO with Siparex ETI, the sale of Smartlook to Cisco [NASDAQ:CSCO], Ardian’s €330m take-private of Artefact [ALATF], In The Memory’s sale to SES-imagotag [EPA:SESL], or Brevo’s $160m Series B. 

Deal Team 

• Nicolas von Bülow, Managing Partner
• Laurence de Rosamel, Partner
• Marc Schäfer, Executive Director 
• William Poirson, Director
• Victor le Breton, Vice President
• Capucine Viard, Associate
• Adib Alhachem, Analyst

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Equativ, a global end-to-end media platform, raises a unitranche with Eurazeo  est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to the founders and shareholders of Quivo, the leading provider of omnichannel fulfilment services in Europe, on its strategic growth investment from Gulf Warehousing Company (GWC), a Qatar-based global logistics leader listed on the Qatar Stock Exchange [GWCS:DSM].
• GWC’s investment will support Quivo in executing its ambitious growth strategy, expanding into GCC markets, and further strengthening its market-leading logistics technology platform.
• This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Recent transactions include Mobsuccess’ LBO with Siparex Midcap and the sale of Kamino Retail to Equativ.

Our Client

• Headquartered in Wetzlar, Germany, Quivo was created following the merger of Ancla Logistik and Logsta in 2022. The company provides omnichannel fulfilment services that streamline e-commerce and B2B logistics processes via a tech-driven, plug-and-play platform with an established international footprint across Germany, Austria, the UK, France, and the US.
• Quivo’s proprietary process orchestration layer, The Connector, enables seamless modular system integration for customers and ensures full process transparency.
• By standardizing fulfillment processes while allowing modular customization, Quivo offers e-commerce brands and global B2B players a uniquely scalable, tech-enabled logistics solution.

Deal Rationale

• With its strong international footprint and proprietary technology platform, Quivo is cementing its position as a European logistics technology leader. To sustain this trajectory, the company is doubling down on its growth strategy while preparing to expand into new geographies.
• By partnering with GWC, Quivo gains access to a leading regional logistics player whose operational expertise and presence across the GCC will provide a solid foundation for its expansion into these fast-growing markets.
• The investment will also enable Quivo to further enhance its proprietary technology platform, enriching its depth and capabilities, and to continue developing innovative client-facing features that drive digitisation, scalability, and seamless omnichannel fulfilment for its customers.
• Together, GWC and Quivo are combining deep regional expertise with global tech-driven capabilities to deliver powerful fulfillment solutions for the Gulf and beyond.

Future of Retail – Clipperton’s strong expertise in advising industry disruptors

This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Recent transactions include In The Memory’s sale to VusionGroup and the sale of Equativ to Bridgepoint.

Deal Team 

• Dr. Nikolas Westphal, Managing Partner
• Ingmar Wegel, Senior Advisor
• Niccolo Greco, Associate
• Henrik Wenzelewski, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, Munich, London, and Amsterdam, as well as partnerships in Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Quivo, the leading next-generation digital fulfillment platform, receives a strategic growth investment from Gulf Warehousing Company est apparu en premier sur Clipperton Finance.

New York, NY – 14 octobre 2025

Clipperton annonce aujourd’hui l’ouverture d’un bureau à New York, son premier en Amérique du Nord, poursuivant ainsi sa stratégie à long terme visant à bâtir la principale plateforme mondiale de conseil dédiée exclusivement au secteur technologique.

Le bureau sera dirigé par Emily Anderson et Richard Hooper, récemment nommés Managing Partners, deux experts reconnus du secteur avec une solide expérience sur les marchés américains et internationaux.

Concrétiser une vision mondiale

Avec des bureaux désormais à New York, Paris, Londres, Berlin, Munich et Amsterdam, et des partenariats stratégiques en Asie et en Europe du Sud, Clipperton construit méthodiquement une plateforme unifiée, transfrontalière, adaptée aux besoins des fondateurs, des entreprises en forte croissance et des investisseurs stratégiques ou financiers du secteur technologique.

Cette expansion aux États-Unis représente bien plus qu’un simple développement géographique : elle traduit la volonté de Clipperton de devenir un acteur mondial de premier plan dans les transactions complexes et à fort impact en M&A tech, growth equity et buyout. Dans un monde où l’innovation ne connaît pas de frontières, Clipperton entend être le partenaire de référence pour les leaders de la tech en expansion internationale.

Ce qui distingue Clipperton, c’est son engagement envers un modèle de boutique dirigée par des associés seniors : exécution de haut niveau, expertise sectorielle approfondie et implication totale des associés à chaque étape du processus. Le bureau américain étend cette offre différenciante aux investisseurs financiers, aux scale-ups et aux acquéreurs stratégiques opérant de part et d’autre de l’Atlantique.

Présentation de l’équipe dirigeante aux États-Unis

Emily Anderson rejoint Clipperton après plus de vingt ans d’expérience en fusions-acquisitions, placements privés et introductions en bourse dans le secteur technologique. Elle occupait précédemment des postes seniors chez Union Square Advisors, Code Advisors (Raine Group), Goldman Sachs et Ernst & Young, où elle a conseillé des acteurs majeurs du logiciel, de l’e-commerce et de l’internet grand public. Elle est titulaire d’une licence en économie et comptabilité de l’Université de Californie à Santa Barbara, ainsi que d’un MBA de la NYU Stern School of Business. Emily est également experte-comptable agréée (CPA) en Californie.

Richard Hooper, ancien Managing Director chez RBC Capital Markets, apporte près de vingt ans d’expérience en conseil en M&A, en opérations de levée de fonds en capital et en dette pour des entreprises technologiques. Sa carrière inclut des postes de direction chez Barclays Capital et Lehman Brothers, où il a accompagné des leaders du logiciel d’entreprise, du cloud et des infrastructures numériques dans des transactions complexes et des transformations stratégiques. Richard est diplômé en économie de la Wharton School de l’Université de Pennsylvanie et titulaire d’un MBA de la Fuqua School of Business (Université Duke).

Accélérer la dynamique transatlantique

Depuis sa création en 2003, Clipperton intervient sur des opérations transfrontalières entre l’Europe et l’Amérique du Nord. Parmi les transactions récentes impliquant des acteurs américains :

• FTV Capital dans son investissement dans N2F, plateforme leader de gestion des notes de frais pour PME ;
• Peter Park, éditeur européen de logiciels de gestion de stationnement, dans son financement de croissance par Great Hill Partners, un fonds de private equity américain de premier plan ;
• Didomi, leader mondial de la gestion du consentement et des préférences utilisateurs, dans sa levée de 83 millions de dollars auprès de Marlin Equity Partners.

Avec une présence locale, Clipperton renforce sa capacité à accompagner ses clients des deux côtés de l’Atlantique – qu’il s’agisse de soutenir des innovateurs européens tournés vers le marché américain, ou d’aider des investisseurs et acquéreurs américains à se développer en Europe.

Une plateforme centrée sur les besoins des clients, non sur les produits bancaires

La plateforme de Clipperton repose sur une mission unique : accompagner les entreprises technologiques et leurs investisseurs avec clarté stratégique, exécution irréprochable et implication directe des associés seniors.

Même dans son expansion internationale, Clipperton conserve son ADN de boutique :

• Pas de délégation excessive — chaque mandat est piloté par des professionnels seniors ;
• Expertise sectorielle pointue dans le SaaS, l’infrastructure, la fintech, la healthtech, et d’autres verticales clés ;
• Total alignement d’intérêts avec les fondateurs, fonds de private equity et investisseurs à long terme au-delà des frontières.

Cette approche intégrée positionne Clipperton comme une alternative différenciante face aux grandes banques généralistes – un acteur entièrement construit autour des besoins spécifiques des entrepreneurs et investisseurs de la tech.

Nicolas von Bülow, cofondateur et Managing Partner de Clipperton, déclare :

« L’ouverture du bureau de New York constitue une étape majeure dans notre stratégie à long terme. Notre ambition est claire : bâtir la plateforme mondiale la plus connectée, pertinente et performante, dédiée exclusivement à la technologie. Avec Emily et Richard à nos côtés, nous ne faisons pas qu’entrer sur le marché américain – nous nous ancrons au cœur de la tech mondiale. »

Emily Anderson ajoute :

« Clipperton combine une expertise technologique approfondie et une réelle présence internationale. C’est exactement ce dont les fondateurs et entreprises de croissance américaines ont besoin lorsqu’ils recherchent des partenaires capables de comprendre à la fois leur secteur et leurs ambitions mondiales. »

Richard Hooper conclut :

« Les marchés technologiques ne s’arrêtent pas aux frontières nationales, et le conseil ne devrait pas le faire non plus. Grâce à sa base à New York, Clipperton peut désormais connecter plus directement les acteurs américains et européens, en les aidant à mener à bien des transactions transfrontalières complexes et à saisir des opportunités à l’échelle mondiale. »

À propos de Clipperton

Clipperton est une banque d’investissement internationale de premier plan dédiée aux entreprises technologiques et de croissance, avec des bureaux à Paris, New York, Berlin, Munich, Londres et Amsterdam, ainsi que des partenariats en Suisse, Chine, Italie et Espagne. Le cabinet offre des services de conseil stratégique et financier aux entrepreneurs, aux entreprises et aux investisseurs de premier rang souhaitant réaliser des opérations de M&A, private equity, placements privés et financements par la dette. Fondée en 2003, Clipperton a réalisé plus de 500 transactions aux côtés d’entreprises technologiques à forte croissance, de grands groupes internationaux et d’investisseurs financiers de renom.

Contact presse
Valerie Studer
Marketing & Communications Manager, Clipperton
vstuder@clipperton.com | clipperton.com

Cet article Clipperton ouvre un bureau à New York et poursuit la construction de sa plateforme mondiale de conseil en fusions-acquisitions dédiée à la tech est apparu en premier sur Clipperton Finance.

The expansion marks a major milestone in Clipperton’s commitment to becoming the leading global M&A advisor exclusively focused on technology.

New York, NY – October 14, 2025

Clipperton today announced the opening of a New York office, its first in North America, continuing the firm’s long-term strategy to build the premier global advisory platform dedicated exclusively to technology. The office will be led by newly appointed Managing Partners Emily Anderson and Richard Hooper, two accomplished tech dealmakers with deep expertise across U.S. and international markets.

Executing on a Global Vision

With offices now in New York, Paris, London, Berlin, Munich, and Amsterdam – and strategic partnerships in Asia and Southern Europe – Clipperton is methodically building a unified cross-border platform tailored to the needs of founders, growth-stage companies, and strategic or financial investors in technology.

The U.S. expansion represents more than geographic coverage: it signals Clipperton’s intent to lead globally in complex, high-impact tech M&A, growth equity, and buyout transactions. In a world where innovation knows no borders, Clipperton aims to be the go-to partner for category leaders scaling internationally.

What sets Clipperton apart is its commitment to a boutique, senior-led model: high-caliber execution, deep domain knowledge, and full partner engagement at every stage of the deal. The U.S. office extends this differentiated offering to financial sponsors, growth-stage companies, and strategic acquirers operating across the Atlantic.

Introducing U.S. Leadership

Emily Anderson joins from Union Square Advisors with over 20 years of experience in technology M&A, private placements, and IPOs. She has also held senior roles at Code Advisors (Raine Group), Goldman Sachs, and Ernst & Young, advising leading companies in software, e-commerce enablement, and consumer internet. Emily holds a BA in Business Economics and Accounting from UC Santa Barbara and an MBA from the NYU Stern School of Business. She is a licensed CPA in the State of California.

Richard Hooper, formerly a Managing Director at RBC Capital Markets, brings nearly two decades of leadership in M&A, equity, and debt advisory for technology companies. His career also includes senior roles at Barclays Capital and Lehman Brothers, where he advised enterprise software, cloud, and digital infrastructure leaders through complex transactions and strategic transformations. Richard holds a BS in Economics from the Wharton School at the University of Pennsylvania and an MBA from the Fuqua School of Business at Duke University.

Accelerating Transatlantic Momentum

Since its inception in 2003, Clipperton has been advising on cross-border transactions between Europe and North America. Recent U.S.-involved mandates include:

• FTV Capital’s investment in N2F, a leading expense management platform for SMEs
  
• Peter Park, a fast-growing European parking management software provider, in its growth financing from Great Hill Partners, a leading U.S. private equity firm
  
• Didomi, a global leader in consent and preference management, in its $83 million growth investment from Marlin Equity Partners

By establishing a local presence, Clipperton strengthens its ability to serve clients on both sides of the Atlantic – whether supporting European innovators looking west, or U.S. investors and acquirers.

A Platform Focused on Client Needs, Not Bank Products

Clipperton’s platform is built around a single mission: serving technology companies and their investors with strategic clarity, flawless execution, and hands-on senior attention.

As the firm expands internationally, its boutique DNA remains unchanged:

• No handoffs or deal churn – each mandate is led by senior professionals
  
• Deep vertical expertise in SaaS, infrastructure, fintech, healthtech, and more
  
• Full alignment with founders, PE firms, and long-term investors across borders
  

This integrated approach positions Clipperton as a differentiated alternative to larger generalist banks – one built entirely around the unique demands of technology entrepreneurs and investors.

Nicolas von Bülow, Co-Founder and Managing Partner at Clipperton, commented:
“Opening in New York is a defining step in our long-term strategy. Our ambition is clear: to build the most connected, insightful, and effective global platform focused solely on technology. With Emily and Richard on board, we’re not just entering the U.S. – we’re embedding ourselves in the heart of global tech.”

Emily Anderson said:
“Clipperton brings a rare combination of deep technology focus and true international reach. That combination is exactly what U.S. founders and growth companies need as they scale and seek partners who understand both their industry and their global ambitions.”

Richard Hooper added:
“Technology markets don’t stop at national borders, and neither should advisory expertise. With a base in New York, Clipperton can now connect U.S. and European leaders more directly, helping clients navigate complex cross-border transactions and unlock opportunities on a global scale.”

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, Munich, London, and Amsterdam, as well as partnerships in Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Press Contact
Valerie Studer
Marketing & Communications Manager, Clipperton
vstuder@clipperton.com | clipperton.com

Cet article Clipperton Opens New York Office as It Builds a Global Tech-Focused Investment Banking Platform est apparu en premier sur Clipperton Finance.

• UBI Solutions is accelerating its development with a fundraising round led by RAISE Invest, the smid-cap investment arm of RAISE Group, which takes a minority position alongside Fabrice Zerah, founder and majority owner, and the management team. The company is also securing a unitranche financing with Eurazeo as part of the transaction.
• Clipperton acted as M&A and debt advisor to RAISE Invest in this transaction. This deal notably marks Clipperton’s 14th tech buy-out advised in the past 12 months.

About UBI Solutions

• Founded in 2008 by Fabrice Zerah, UBI Solutions rapidly established itself as a European leader for traceability and RFID solutions. The company offers complete and autonomous systems combining hardware, software and services to help businesses monitor assets and optimize logistics across a wide variety of customers and uses (laundry and hospitality, industry, catering, defense & aeronautics, etc.).
• With expected revenue of €30 million in 2025, UBI Solutions is experiencing very strong growth, bolstered by four strategic acquisitions. The group now employs c. 100 employees across six offices in France and supports more than 400 customers in over 50 countries.
• Leveraging its unique strategic positioning combined with the strength of its solutions, Ubi Solutions is ideally positioned to act as a global consolidator on a still-fragmented market while pursuing organic expansion in France and internationally. 

Deal Highlights

• The transaction sees RAISE Invest becoming an active minority investor alongside the founder and management team. UBI Solutions now has the resources it needs to accelerate its growth, consolidate its sector, and establish itself as a leading global player in the Internet of Things. Several external growth operations are already being considered in France and abroad.
• Fabrice Zerah, founder of UBI Solutions, commented: “We have built a Group with solid and profitable foundations, which has been continuously growing. The investment of RAISE Invest is a strategic milestone for us, opening a new and exciting chapter for the Company. We share a common vision, based on entrepreneurship and human values, which will be at the heart of this new phase of development.“
• Aymeric Marraud des Grottes, Partner with RAISE Invest added: “Under the leadership of Fabrice Zerah, UBI Solutions has experienced remarkable growth thanks to strong expertise and a solid tech & data culture, as well as a high-quality management team. We are very pleased to partner with them to carry out this ambitious project and to contribute our experience in supporting high-growth companies”.

Clipperton’s sample track record in 2025

Deal Team M&A

• Martin Vielle, Partner
• Ismail Roqaichaoui, Associate

Deal Team Debt Advisory

• Laurence de Rosamel, Partner
• William Poirson, Director

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, Munich, London, and Amsterdam, as well as partnerships in Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article UBI Solutions, the European leader in traceability solutions, secures €70 million in new funding led by RAISE Invest to accelerate its growth est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to CAPZA, which acquired a minority stake in Beetween, alongside co-founders Christophe Dacre-Wright and Philippe de Rosnay in a primary LBO.
• With CAPZA’s support, Beetween will enter its next phase of development, driven by an active M&A strategy, an expanded European footprint, and an acceleration of AI developments and functionalities to increase the value and scope of Beetween.
• This transaction is testimony to Clipperton’s know-how in the HR Tech segment, with credentials such as Hublo’s LBO with Five Arrows, Assessfirst’s LBO with CAPZA Growth, Welcome to the Jungle’s €50m Series C, and Foederis Group’s sale to Septeo.  

About Beetween

• Beetween’s modular platform supports the entire recruitment lifecycle, from job postings and candidate sourcing to interview coordination, evaluation, and onboarding, all from a single, user-friendly interface. 
• The Group has over 1,500 clients and 40,000 daily users across Europe, with strong positions in France and Italy, and integrates with 200+ job boards as well as leading HRIS and CRM systems.
• Since 2021, Beetween has combined strong organic momentum with a successful buy-and-build strategy, completing four acquisitions that have strengthened its position as a leading ATS consolidation platform and supported its European expansion.
• Philippe de Rosnay and Christophe Dacre-Wright, co-founders of Beetween, commented: “CAPZA’s Growth Tech team impressed us with their deep understanding of our business and technical environment and their strong ability to support us in our external growth initiatives. We look forward to building with their guidance a first-class talent acquisition ecosystem.”

Clipperton’s strong track record in the HR Tech space

• This transaction is testimony to Clipperton’s know-how in the HR Tech segment, with credentials such as Hublo’s LBO with Five Arrows, Assessfirst’s LBO with CAPZA Growth, Welcome to the Jungle’s €50m Series C, and Foederis Group’s sale to Septeo.  

Deal Team 

• Thibaut Revel, Managing Partner
• Laurence de Rosamel, Partner

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, Munich, London, and Amsterdam, as well as partnerships in Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article CAPZA acquires a minority stake in Beetween, a leading European provider of recruitment software solutions  est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to Marietton Développement, France’s leading independent player in the travel segment, offering tailored travel solutions worldwide, to both corporate and leisure clients.
• Marietton successfully secured a financing round with a pool of French banks, including Groupe BPCE, Groupe Crédit Agricole, Société Générale, CIC, La Banque Postale, Arkéa, and BNP, while reaffirming its partnership with its financial shareholders Certares, Africinvest, BPI, and reinforcing management’s equity stake.
• This strategic financing is a key milestone for the group, which will be able to accelerate its international expansion and pursue targeted acquisitions.

Our Client

• Founded in 1968, Marietton Développement is a leading French group in business and leisure travel. The group operates 600+ agencies and tour operators under internationally trusted brands such as Havas Voyages, Selectour, Auchan Voyages, and Austral Lagons.
• Marietton provides comprehensive travel solutions for both corporate and leisure clients, leveraging a multi-brand, multi-channel strategy supported by a deeply client-centric approach and unparalleled expertise.
• Since 2008, the group has completed over 20 strategic acquisitions, including six in 2024 to expand its national footprint and reinforce its leadership across all market segments, showing outstanding integration capabilities.

Deal Rationale

• Against a backdrop of continued business growth, the group has completed its fourth LBO transaction aimed at strengthening the capital base of the 14 members of the Executive Committee. The objective is to reinforce the sense of belonging to an already very solid group comprising 1,800 employees.
• The transaction underscores a robust vote of confidence in Marietton’s positioning and growth trajectory by a wide pool of French banks.
• The financing also positions the group in its international expansion in Italy, Spain, and Belgium for selective acquisitions and in its digital transformation, to further consolidate its leadership.
• The governance and strategy of the Group, led and chaired by Laurent Abitbol, remain unchanged and are implemented by a management team that is investing significantly in the operation. Supported by its long-standing shareholders, Certares, Bpifrance, and AfricInvest Europe, who are renewing their support, the Group will continue its development efforts, which focus on continuously enhancing its offering and customer services and pursuing a selective policy of targeted acquisitions.

Clipperton’s Track Record in the Travel & Tourism Sector

• This transaction is a testimony to Clipperton’s know-how in advising Travel pioneers, with credentials such as Click & Boat, Travelsoft, Wikiloc, or Musement.

Deal Team 

• Laurence de Rosamel, Partner
• William Poirson, Director
• Capucine Viard, Associate

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Marietton Développement secures debt financing from a pool of eleven banks to accelerate international expansion, support acquisitions, and reorganize its shareholders’ structure est apparu en premier sur Clipperton Finance.

A seasoned corporate finance professional, Xavier Souvras brings over 10 years of experience to Clipperton, gained from previous roles at DC Advisory and Amala Partners. Throughout his career, Xavier advised mid-market clients across a wide range of sectors, including technology, business services, leisure & hospitality, and industrials, on an extensive variety of capital transactions. 

Xavier’s expertise spans the full spectrum of strategic and capital advisory services, including M&A (sell- and buy-side), private placements, and other complex deal structures.

Nicolas von Bülow, co-founder and Managing Partner at Clipperton, commented: “We are excited to welcome Xavier to Clipperton’s senior team. As we continue to strengthen our focus on buy-out transactions in the technology space, his wealth of experience and deep understanding of the European M&A landscape bring significant value to our organization. We’re confident he will be instrumental in shaping Clipperton’s future growth and success.”

Xavier Souvras added: “I am thrilled to join Clipperton, a firm widely recognized for its unique sector expertise, entrepreneurial mindset, and strong commitment to client success. I look forward to supporting high-growth companies across Europe and am excited to embark on this journey with such a dynamic and talented team.”

Xavier graduated from HEC Montréal and holds an MSc from the London School of Economics.

You can reach Xavier via xsouvras@clipperton.com / LinkedIn

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, and London, and partnerships in the USA, China, the Netherlands, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Clipperton appoints Xavier Souvras as Executive Director, reinforcing Clipperton’s senior team in Paris est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to the shareholders of Mayday, the leading provider of AI-powered Knowledge Management in France. The company is joining forces with USU GmbH, a global provider of software and service solutions for IT and customer service management, backed by Thoma Bravo.
• As a leading provider of software and service solutions for IT and Customer Service Knowledge Management, USU is extending its position towards European market leadership through this acquisition.
• This deal reinforces Clipperton’s standing as a trusted financial advisor to B2B SaaS category leaders, and further demonstrates the firm’s ability to craft high-profile transactions with international sponsors and strategic acquirers. Notably, this marks Clipperton’s 13^th concluded cross-border deal in the past 12 months.

Our client

• Founded in 2020 by Damien Popote, Benjamin Karila, and Hugo Martinez, Mayday is the leading Knowledge Management provider in France. Its mission is to empower people and AI systems with the right knowledge, at the right place, and the right time. In just a few years, Mayday has become the go-to solution, trusted by leading industry players and used by 1 in 5 customer service advisors in France. Today, Mayday’s solution is used in around 20 countries worldwide.
• Powered by a cutting-edge AI platform, Mayday enables enterprises to gather, manage, and deliver company knowledge with exceptional efficiency – empowering employees, delighting customers, and redefining the customer experience.

Deal Rationale

• The integration of Mayday, recognized as one of the most advanced KM solutions worldwide, into the USU portfolio provides an innovation and growth boost: AI-powered automation, best-in-class UX/UI capabilities, and radically fast time-to-value ideally complement USU’s existing Knowledge Management (KM) offering.
• Damien Popote, CEO and Co-Founder of Mayday, commented: “Our vision has always been to transform customer service through intelligent Knowledge Management. By joining the USU Group, we can scale this vision globally while turning our combined strengths into a growth accelerator. USU is the perfect partner for us – there is an evident technological match, and culturally we share the same values of customer focus and excellence.“
• Mayday, and its 50 team members, will be integrated into the USU Group in such a way that existing customers can continue to benefit from proven solutions, continuity, and even additional add-ons in the coming months. 

Clipperton strengthens position as leading advisor in SaaS and cross-border deals

This transaction marks the 16^th transaction in the SaaS space advised by Clipperton over the last 12 months, with recent landmark European transactions such as Hublo’s LBO with Five Arrows, and FTV Capital’s investment in N2F.

This deal reinforces Clipperton’s standing as a trusted financial advisor to B2B SaaS category leaders, and further demonstrates the firm’s ability to craft high-profile transactions with international sponsors and strategic acquirers. Notably, this marks Clipperton’s 13^th concluded cross-border deal in the past 12 months.

Deal Team: 

• Antoine Ganancia, Managing Partner
• Martin Vielle, Partner
• Ghislain de Buchet, Vice President
• Paolo Crippa, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

Cet article Mayday is joining forces with USU, shaping the European leader in knowledge management est apparu en premier sur Clipperton Finance.

• Antin Infrastructure Partners acquired a majority stake in Matawan, a leading smart mobility platform offering mission-critical services to public transport networks and aiming to make everyday travel easier for commuters, transport authorities, and operators.
• Clipperton and Natixis Partners acted as financial advisors to Antin Infrastructure Partners in this transaction. Clipperton’s debt advisory team structured the financing of the transaction.
• This transaction highlights Clipperton’s expertise in mid-market Tech LBO, following a series of landmark transactions, including Hublo’s LBO with Five Arrows, FTV Capital’s investment in N2F, or Didomi’s LBO with Marlin Equity Partners. 

About Matawan

• Founded in 2012, Matawan delivers a comprehensive mobility platform designed to bridge gaps within public transportation. Its cloud-native solutions form a core layer of modern transit infrastructure, supporting critical operations. The platform enhances the passenger experience across multiple modes of transport (bus, tram, rail, bike, ferry, etc.) through account-based ticketing, leverages AI to balance supply and demand, and equips both travelers and operators with accurate information and consistent service quality.
• Today, Matawan supports over 330 transport networks across six countries in Europe and North America. The company intends to pursue further growth through a mix of organic expansion and acquisitions, while also extending its presence into new markets.

Deal Rationale

• Antin’s NextGen Fund I invests in Matawan alongside founder Jean-Paul Medioni, who has a seat on the company’s Supervisory Board, CEO Jérome Trédan, and its management team.
• Upon closing, this investment would be the seventh by Antin’s €1.2 billion NextGen Infrastructure Fund I. NextGen invests in companies with proven business models and technologies that require substantial capital to scale to become the next generation of infrastructure, often with a strong focus on sustainability.
• Jérôme Trédan, CEO of Matawan, commented: “We are thrilled to have the backing of Antin as the company enters a new growth chapter. Antin is the right partner to help us consolidate our French and European leadership, allow us to accelerate our expansion in Europe and North America, and execute our vision of making everyday commuting easier for all, for a more sustainable future.”

Clipperton’s extensive track record with tech buy-out transactions 

• This transaction highlights Clipperton’s expertise in mid-market Tech LBO, following a series of landmark transactions, including Hublo’s LBO with Five Arrows, FTV Capital’s investment in N2F, or Didomi’s LBO with Marlin Equity Partners. 

Deal Team M&A

• Thomas de Montille, Managing Partner
• Nicolas von Bülow, Managing Partner
• Ismail Roqaichaoui, Associate
• Adib Alhachem, Analyst

Deal Team Debt Advisory

• Laurence de Rosamel, Partner
• William Poirson, Director

Deal Team Natixis Partners

• Driss Mernissi, Managing Director

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Antin aquired a majority stake in Matawan, a leading smart mobility platform est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to Belgium-based Automation & Robotics, the global leader in the design and manufacture of automated systems for optical lens quality control, on its sale to EssilorLuxottica.
• This transaction highlights Clipperton’s expertise in advising technology leaders at the forefront of Industry 4.0, combining advanced automation, robotics, and digital transformation to redefine manufacturing standards.

Our client

• Headquartered in Belgium and operating since 1983, A&R has built a strong reputation in advanced optical metrology thanks to proprietary technologies, supporting lens manufacturers in the digital transformation of their production processes.
• With a proven track record of innovation, ranging from high-precision machine applications to sophisticated software solutions, A&R brings deep expertise across the value chain. This encompasses R&D, software development, manufacturing, distribution, and deployment, along with related services.  

Deal Rationale

• The acquisition of A&R by EssilorLuxottica is driven by a shared commitment to innovation, precision, and service, aimed at advancing the future of vision care. By integrating A&R into its portfolio of industrial solutions, EssilorLuxottica strengthens its technological platform and enhances its ability to meet the evolving needs of the ophthalmic manufacturing industry, including emerging segments such as wearables.
• “The integration of A&R into EssilorLuxottica’s portfolio of industrial solutions marks another milestone in our ongoing journey to set new standards of excellence in our industry. This move is a key step towards advancing the future of vision care through quality and performance, by strengthening our technological platform”, commented Francesco Milleri, Chairman and Chief Executive Officer, and Paul du Saillant, Deputy Chief Executive Officer at EssilorLuxottica. 

Clipperton Strengthens Track Record in Industry 4.0

• This transaction highlights Clipperton’s expertise in advising technology leaders at the forefront of Industry 4.0, combining advanced automation, robotics, and digital transformation to redefine manufacturing standards.
• Other recent transactions advised by Clipperton in this industry include Braincube’s  €83m investment by Scottish Equity Partners and Bpifrance, or VinZero’s sale to Monnoyeur Group.

Deal Team

• Nicolas von Bülow, Managing Partner
• Thibaut Revel, Managing Partner
• Lucas Pingard, Vice President
• Charles Gasquet, Associate
• Camille Servant, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article EssilorLuxottica acquires Automation & Robotics, advancing high-performance solutions in ophthalmic manufacturing est apparu en premier sur Clipperton Finance.

Mountain Riders

Mountain Riders is a French non-profit organization committed to protecting mountain environments and promoting sustainable practices in alpine regions. Through awareness campaigns, field actions, and citizen mobilization, the association works to preserve fragile ecosystems and encourage more responsible behavior in the mountains.

One of Mountain Riders’ key missions is to fight against waste pollution in natural areas by organizing large-scale clean-up operations involving volunteers, local communities, and outdoor enthusiasts. These initiatives aim to raise awareness while taking concrete action to reduce the environmental impact of human activities in the mountains.

As part of our commitment to environmental causes, we supported Mountain Riders in their clean-up efforts.

Thanks to this collective mobilization, 580 kg of waste were collected in the mountains, helping to protect natural landscapes and preserve these environments for future generations.

Institut Curie

Institut Curie is a public interest foundation and a leading international research center and hospital dedicated to the fight against cancer. Based in Paris and Saint-Cloud, it has been a major player in medical and scientific innovation for over a century, serving patients and advancing research worldwide.

Its mission is built around three complementary pillars: research, care, and education. Through a multidisciplinary approach bringing together researchers, physicians, and healthcare professionals, Institut Curie works every day to deepen the understanding of cancer, develop increasingly effective and personalized treatments, and improve patient care.

As part of our commitment, we chose to support Institut Curie and contribute in a concrete way to the advancement of cancer research.

Thanks to the trust and support of Clipperton’s clients, €2,170 were raised to help advance research and support the work carried out by Institut Curie.

1001mots is an innovative French non-profit organization dedicated to early childhood development, with a mission to prevent educational failure by stimulating language skills in children aged 0 to 3, especially those from vulnerable families. Founded in 2017 and based in Paris, 1001mots supports parents through a personalized program that combines speech therapist calls, book deliveries, text messages, and videos. As of 2024, the association supports over 12,000 children across 10 regions in France witht the ambitious goal of reaching 100,000 children by 2030.

The work of 1001mots is recognized and supported by numerous public and private partners, and is inspired by neuroscience to provide concrete, effective solutions for reducing educational inequality from the earliest years of life.

As part of our donation project, we participated in the Adidas 10K run, and with every kilometer we ran, we helped make an impact on children’s language development.

ALIMA

We also pride ourselves on being a donor to ALIMA (The Alliance for International Medical Action) since 2018. ALIMA is a medical humanitarian organization based in Dakar, Senegal, that has been saving lives since 2009 in emergency situations in Africa.

ALIMA’s unique model focuses on building alliances and promoting collaboration between local health workers, national medical organizations, and researchers. ALIMA strives to transform humanitarian medicine by fostering research and innovation to improve care and help communities prepare for the future.

ALIMA has treated more than 10 million patients in 14 countries and launched more than 30 research projects – notably on malnutrition, maternal and child health, malaria, Ebola and COVID-19. This work has won several international awards.

We are very proud to support ALIMA in their work.

Read more about ALIMA here: alima.ngo

SOS Méditerranée

SOS MEDITERRANEE is a European civil sea rescue association. It was created in the spring of 2015 thanks to the mobilization of citizens determined to act in the face of the humanitarian catastrophe of shipwrecks in the central Mediterranean.

It’s vocation is to provide assistance, without any discrimination and to treat with dignity, any person in distress at sea, in compliance with international maritime law.

SOS MEDITETERRANEE is a humanitarian association, independent of all political parties, and denominations. It is founded on respect for people and their dignity, whatever their nationality, origin, social, religious, political or ethnic background.

Clipperton’s donations in 2022 resulted in 982 hours of tutoring to children of the SOS Villages.

Cet article Clipperton CSR commitments est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to Hublo, a leading provider of digital HR solutions for the healthcare sector, on its investment by Five Arrows, the investment fund of Rothschild & Co. 
• Five Arrows will provide Hublo with long-term strategic and operational support, helping the company accelerate its growth – both organically and through acquisitions – and amplify its impact in France and internationally.
• This transaction marks the 16th tech buy-out deal of Clipperton over the last 12 months, with recent transactions such as Didomi’s LBO with Marlin Equity Partners or FTV’s investment in N2F. 

Our client

• Since its founding in 2016, Hublo has been on a mission to transform the daily lives of healthcare professionals by modernising the way human resources are managed. Its innovative software suite enables healthcare organisations to recruit, manage, and retain their teams more effectively, allowing staff to focus on what matters most – patient care. Today, Hublo’s solutions are used by over 5,000 healthcare and social care institutions and more than one million caregivers across France.
• In a healthcare software market that remains highly fragmented, Hublo is positioning itself as the leading provider of a unified digital platform dedicated to workforce management. To achieve this ambition, the company is pursuing a strategy focused on continuous innovation, the expansion of its product offering, and the development of strategic partnerships, most recently demonstrated through the acquisitions of Permuteo and Staffea in April 2025.

Deal Rationale

• The investment from Five Arrows will support Hublo, alongside its founding and leadership team, in accelerating its growth journey – both organically and through acquisitions – in France and internationally. With deep experience in scaling healthcare technology platforms, Five Arrows will bring long-term strategic and operational support to the company.
• Revaia, Hublo’s anchor shareholder since 2021, will sell its stake held through the Revaia Growth I fund as part of the transaction. As a testament to its continued confidence in Hublo and its leadership team, Revaia is considering a significant reinvestment alongside Five Arrows, reaffirming its commitment to supporting the company in the next phase of its journey.
• Antoine Loron, co-founder and co-CEO of Hublo, commented: “The entry of Five Arrows marks a significant step in our growth. With their support, we are well positioned to deliver on our vision – both in France and abroad – to service the healthcare system. A new chapter begins.”

Clipperton’s extensive track record with LBO deals for European tech leaders

This transaction marks the 16th tech buy-out deal of Clipperton over the last 12 months, with recent transactions such as Didomi’s LBO with Marlin Equity Partners or FTV’s investment in N2F. 

The exit landscape for VC-backed startups has undergone a substantial transformation over the past decade, notably thanks to the emerging trend of what we like to call “VC-to-PE deals”. While exits to PE funds made up just 8% of total exits for VC-funded companies between 2006 and 2010, that figure has surged to a whopping 24% for the years 2021 to 2024. Read more about the VC-to-PE landscape in our recently published research paper. 

Clipperton’s track record in the HR Tech space 

This transaction is testimony to Clipperton’s know-how in advising HR tech pioneers, with credentials such as Mistertemp’s LBO with Andera Partners, Welcome to the Jungle’s €50m Series C, and Foederis Group’s sale to Septeo.  

Deal Team: 

• Nicolas von Bülow, Managing Partner
• Antoine Ganancia, Managing Partner
• Wael Abou Karam, Director
• Naomi Darko, Vice President
• Charles Gasquet, Associate
• Capucine Viard, Analyst

Debt Advisory:

• Laurence de Rosamel, Partner
• William Poirson, Director

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Hublo welcomes Five Arrows as a new investor to accelerate the digitalisation of HR management in healthcare in Europe est apparu en premier sur Clipperton Finance.

As we can witness every day — in our work, our institutions, and our social lives — technology increasingly shapes the decisions we make, the relationships we build, and the dynamics that govern our world. The capacity of our institutions to defend themselves, to separate truth from lies, and to empower individuals now depends, more and more, on our control over key technologies.

But what technologies? The conventional wisdom and policymakers tend to mention data centers, research labs, production facilities, and large application vendors. But the real battle lies elsewhere, in the control over foundational infrastructure and the technologies that underpin it.

And Europe is, up to now, still largely watching these unfold from the sidelines.

This foundational infrastructure can candidly be seen as three distinct layers :

1. Information infrastructure — foundational knowledge models (AI etc.) and algorithms;
2. Access infrastructure — cloud platforms anx²d orchestration layers;
3. Computational infrastructure — processing technologies, especially those optimized for AI workloads, quantum computers etc.

These key technologies provide a strategic edge across the entire digital value chain — even a small increase in competitiveness at this level can cascade into a major impact downstream. Yet in each of these layers, the United States and Asia currently hold the upper hand. Foundation models are led by OpenAI, Google, and DeepSeek, with only France’s Mistral AI still keeping Europe in the race. Cloud computing is controlled by Amazon, Microsoft, Google, and Alibaba, with European providers holding a mere 2% market share. The processors at the heart of AI — GPUs and NPUs — are almost entirely designed and manufactured in the U.S. or Asia.

Europe, by contrast, is primarily a consumer of core technologies, not a producer, and certainly not a rule-maker. This is more than a technological gap; it is a strategic, and potentially existential, vulnerability. Without mastery of these critical layers, Europe cannot set the terms of access or be able to even pretend to be economically or politically attractive, not to say dictate in any way its terms.

Yet the continent is not lacking in talent or ambition. VSORA, for instance, a company developing radically new AI processors optimized for energy efficiency and performance, is a striking example of European innovation in a domain long abandoned to the Silicon Valley. But such cases remain the exception, not the rule. VSORA’s recent €40 million equity round is, in fact, further evidence of Europe’s structural challenges in financing foundational technologies. At similar stages of development, US competitors routinely raise hundreds of millions of dollars, supported by ecosystems where talent has matured more uniformly, making it easier to find the people who create, understand, and finance disruptive technologies.

The problem is not just about capital availability or industrial policy. It is about ambition and people. If Europe wants to build its foundational technology infrastructure, it must also raise the bar on human capital and expertise. That means attracting and retaining the world’s best engineers, researchers, and entrepreneurs, as well as experienced investors who are willing to back them early and decisively.

Too often, Europe loses its talent to ecosystems — most notably in the U.S. — that offer faster feedback loops, deeper capital pools, and stronger industrial partnerships.

What Europe needs is a far bolder and coordinated strategy to foster the emergence of core technological infrastructure, anchored in the development of a truly integrated European ecosystem. This will require a profound cultural shift:

• Less fragmentation, and more alignment between academic excellence, industrial capacity, and public capital – including procurement policies that favor local technologies;
• Less short-termism, and more long-term bets on foundational technologies with well-articulated selection processes, supported by deep, patient capital;
• Less risk aversion, and more confidence in Europe’s own talent and leadership, and ability to attract expertise from outside of the continent.

Here’s the good news: Europe already has world-class universities, national research centers, and bold entrepreneurs – along with a vast pool of European talent currently based abroad, particularly in the U.S., that could be drawn back. And while the challenge is real, its financial scale is measured in billions – not hundreds of billions. This is not about building massive production facilities or investing in heavy physical infrastructure. It’s about designing the right incentives to ensure that the rare, groundbreaking technological projects born in Europe are properly identified, understood, and financed – through targeted university grants, smart subsidies, and capital commitments to European funds aligned with strategic tech priorities.

We are not too late. But Europe’s institutions must act with urgency, focus, and coordination.

This is not just a race for market share. It is a race to determine whose infrastructure will shape how intelligence is developed, deployed, and governed for decades to come, in Europe and beyond.

Europe can still participate as an architect and not just a bystander of that future.

But only if it starts acting like one.

Cet article If Europe Wants to Matter in Innovation, It Must Build Its Own Infrastructure – and Attract the Talent to Match est apparu en premier sur Clipperton Finance.

Cet article Clipperton is honored to have been awarded at the Sommet des Leaders de la Finance 2025 est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to the founding team of Peter Park and the ARBAnova family foundation on its strategic growth investment by Great Hill Partners, bringing the company’s total funding to more than €100 million.
• Great Hill’s investment will support the accelerated build-out of Peter Park’s salesforce and market-leading technology, expand its footprint, and help continue executing its ambitious growth strategy.
• This landmark deal follows a number of recent Clipperton-advised technology growth buyouts after the Didomi and Astorg/Redslim transaction earlier this year.
• The Peter Park growth investment further cements Clipperton’s leading role in the European software sector, bringing our European software deal count since 2020 to more than 110 transactions.

Our Client

• Founded in 2019, Peter Park is a Munich-based technology company that has created the market-leading European parking automation AI platform, redefining off-street paid urban parking. In a sector long constrained by analogue systems, Peter Park enables customers across various industries, including retail, healthcare, and tourism, to streamline operations and increase efficiency while enhancing user experience.
• Through its proprietary Automatic License Plate Recognition (“ALPR”) technology, cloud-based management platform, and a wide range of digital technologies, including smart kiosks, parking apps, and a dynamic pricing tool, clients can seamlessly and automatically manage their parking estate without the need for physical barriers or manual controls.
• The Company is currently present in nearly 250 cities across Germany, Austria, Switzerland, and Italy, and manages more than 90,000 parking spaces and in excess of 40 million parking transactions per year; the company is currently in hypergrowth, accelerating the digitization of urban mobility.

Deal Rationale

• With Peter Park driving a secular shift of the European off-street parking market towards AI-based platforms, the company has decided to double down on its existing growth strategy as well as to invest in further client-facing features to drive digitisation and market penetration.
• The company has found in Great Hill Partners an investor who is fully aligned with the strategic vision of the founder team and who can provide the necessary resources to enable Peter Park to achieve a meaningful further acceleration of its already market-leading and capital-efficient growth.
• The founding management team of Maximilian Schlereth, Patrick Bartler, Stefan Schenk and Christoph Heinle will roll over a significant part of their equity investment and continue to lead the Company. ARBAnova family foundation will also retain a minority position post-deal.
• “As cities across Europe face growing pressure to reduce congestion and make smarter use of limited urban space, the need for scalable, digital parking infrastructure has never been more urgent”, said Maximilian Schlereth, Co-Founder and CEO of Peter Park. “We are thrilled to welcome Great Hill as a value-add partner. Their proven track record of turbocharging growth through effective go-to-market strategies, deep operational expertise, and access to seasoned growth partners makes them the ideal fit for our next phase. With their support, we’re well-positioned to scale our salesforce, expand our footprint, and unlock new growth opportunities.”
• This deal was executed by Clipperton’s Munich and Berlin teams in close collaboration with our U.S. based colleagues from Solomon Partners.

Clipperton’s extensive track record with tech buy-out transactions

This landmark deal adds to a series of recent tech growth buyouts advised by Clipperton and represents its second recent growth buyout in the DACH region, closely following the Astorg/Redslim deal late last year.

The exit landscape for VC-backed startups has undergone a substantial transformation over the past decade, notably thanks to the emerging trend of what we like to call “VC-to-PE deals”. While exits to PE funds made up just 8% of total exits for VC-funded companies between 2006 and 2010, that figure has surged to a whopping 24% for the years 2021 to 2024. Read more about the VC-to-PE landscape in our recently published research paper.

Deal Team

• Dr.Nikolas Westphal, Managing Partner
• Andreas Hering, Partner
• Solange Velazquez, Managing Director, Solomon Partners
• Samir Khalaf, Vice President
• Niccolo Greco, Associate
• Philipp Dimitrov, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology companies, blue-chip corporates, and renowned financial investors.

Cet article Peter Park, the leading European provider of AI parking automation solutions, receives a strategic growth investment by Great Hill Partners, bringing total funding to more than €100 million est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to FTV Capital on its investment in N2F, a leading provider of spend management software.
• The partnership will drive N2F’s next phase of expansion, with a focus on accelerating product innovation, deepening AI capabilities, and scaling internationally. 
• This transaction highlights Clipperton’s expertise in advising on mid-market Tech LBOs and Fintech deals, marking its fourth successful closing in the past year (following N2F, Epsor, Amelkis, and Rydoo). Clipperton also structured the debt financing for this transaction. 

About N2F

• Founded in 2015 with headquarters in France, N2F provides a comprehensive platform for managing expenses, corporate cards, and automating accounts payable workflows.
• Its highly configurable and user-friendly solutions integrate seamlessly with over 300 accounting, ERP, payroll, travel management, and banking systems – helping organizations from small to mid-market to enterprise scale streamline processes, ensure compliance, and gain full visibility and control over corporate spend.
• Since 2023, following an investment from PSG Equity, the company has grown threefold to become a trusted technology partner to over 800,000 professionals across 90+ countries, such as Duralex, Lyreco, Malongo, Playmobil, and Bugatti, with a product available in 11 languages.

Deal Rationale

• FTV Capital’s investment will further accelerate the development of N2F’s product suite, building on the momentum and strong adoption of N2F’s recently launched accounts payable and cards offerings.
• It will also accelerate the company’s international go-to-market efforts, particularly in the DACH region, Italy, Iberia, and Benelux, where the platform is already fully localized to meet regulatory and operational requirements, and where growing local teams will drive commercial execution and customer success.
• The investment reflects FTV Capital’s strong conviction in N2F’s vision and leadership, building on its roots of product excellence and a deep commitment to customer care, while empowering the company to scale to deliver world-class solutions to finance teams across Europe and beyond. Through this transaction, PSG Equity will be exiting its investment in N2F.

Clipperton’s track record in the Fintech space

This transaction demonstrates Clipperton’s expertise in advising on Fintech deals, with the closing of 4 of the most visible deals in Europe in the OCFO space in the past 12 months (N2F, Epsor, Amelkis, Rydoo).

Clipperton’s track record with mid-cap tech buy-out transactions

This transaction marks the 15th tech buy-out deal of Clipperton over the last 12 months, with recent transactions such as Didomi’s LBO with Marlin Equity Partners or Astorg’s investment in Redslim. 

Deal Team

• Nicolas von Bülow, Managing Partner
• Laurence de Rosamel, Partner
• Vanessa Sorel, Executive Director
• William Poirson, Director
• Grégoire Bonnet, Associate
• Camille Servant, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology companies, blue-chip corporates, and renowned financial investors.

Cet article N2F, a leading provider of spend management software, secures a strategic growth investment from FTV Capital est apparu en premier sur Clipperton Finance.

When we published the first edition of this study in 2023, we anticipated a paradigm shift in the exit strategies of European startups. Two years later, this trend has been fully confirmed: private equity is establishing itself as a structuring alternative to IPOs and traditional M&A.

📌 Some highlights from the 2025 report:

• LBOs now account for a quarter of VC exits in Europe, compared with just 8% in 2006.
• What’s more, an analysis of exits from software companies at an enterprise value exceeding €50 million in France shows that over 80% of these exits involve a private equity fund, either directly – via an LBO: 53% in 2024 versus 42% in 2021 – or indirectly – via a company already in the portfolio and a build-up, 28%.
• Debt and PE funds are becoming essential tools in the construction of these new growth and liquidity trajectories. Moreover, in a context where VCs have to generate more exits and strategic acquirers show greater selectivity, private equity is taking on a central role in meeting this need for liquidity.
• Our study, based on entrepreneur testimonials, exclusive data, and a 20-year track record in tech M&A, is intended as a practical guide for founders and investors navigating this “new world”.

This shift has reshaped the way tech companies need to approach exits. This trend is likely to endure, and it has become crucial for both VC firms and Tech entrepreneurs to understand how to successfully prepare their companies for a PE exit.

Fill out the form below to receive the report via email:

Authors: feel free to reach out to discuss these insights.

• Antoine Ganancia, Managing Partner
• Laurence de Rosamel, Partner
• William Poirson, Director
• Ismail Roqaichaoui, Associate
• Stéphane Valorge, Senior Partner – Head of Research

One of the most active Tech Buyout advisors in Europe

Cet article The Journey from Venture Capital to Private Equity – The 2025 Guide for Tech Startups est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to VSORA, a global innovator and Europe’s most advanced provider of ultra-high performance AI inference chips.
• The investment round was led by Otium Capital and another French family office, with a co-investment from Omnes Capital and Adelie Capital, as well as the participation of the European Innovation Council (EIC).
• The investment round comes as a major milestone for the Company, which is about to release the most powerful energy-efficient, and cost-disruptive AI inference chip as an alternative to current solutions offered by global market leaders.
• VSORA will start the production of its flagship product Jotunn8 (J8), before the end of 2025, with the continuous support of tier-one industrial partners providing privileged access to cutting-edge semiconductor technologies and production capabilities that meet the highest standards of quality and performace.
• This transaction is another milestone in Clipperton’s long-standing track record of advising deep-tech innovators, with previous transactions including Galam Robotics Series A announced earlier this year, Exotrail’s $58 million Series B investment, and Flyability’s Series B round in 2023. It also highlights Clipperton’s expertise in the semiconductor space after advising Dentressangle on their investment in Presto Engineering last year.

Our Client

• Founded in France by a team of seasoned semiconductor entrepreneurs led by Khaled Maalej, VSORA is breaking the next AI frontier by revolutionizing AI processing. The Company’s mission is to democratize AI, generative and agentic AI as well as reasoning models, delivering maximum profitability for customers while minimizing environmental and societal impact.
• VSORA is solving a major pain point of the industry by allowing AI inference at scale thanks to its ground-breaking chip, engineering for superior performance and efficiency, and designed for key applications such as generative AI (e.g., ChatGPT), autonomous driving, robotics, and edge AI.
• Already widely recognized by international blue-chip players as one of the most advanced alternatives to current market solutions, VSORA strives to become a European champion of AI infrastructure and aims to spearhead the emergence of a complete and sovereign AI ecosystem across the continent.

Deal Rationale

• The explosive growth of AI and generative AI applications has triggered an urgent demand for high-performance, cost-effective inference solutions. AI inference – the process of deploying trained AI models to generate real-time insights and predictions – is projected to grow at a16% CAGR from $124 billion in 2025 to $225 billion in 2030.
• VSORA will use new funding to fuel the industrialization of its flagship product, the J8 chip, while bolstering its R&D teams and preparing for a global market deployment from 2026 onwards.
• Taking deep roots in fundamental research, J8 shatters the performance barriers of conventional GPUs, delivering concrete performance that surpasses today’s AI chips from leading global industry players. Specifically, J8 delivers more than three times the performance of existing solutions, while consuming less than half the power. This significant leap in efficiency addresses the critical challenges of deployment cost, cost per query, and energy consumption in large-scale AI deployment.
• Commenting on the transaction, Khaled Maalej – founder & CEO of VSORA – said: “This funding marks a pivotal moment for VSORA as we accelerate our mission to revolutionize AI chips and ensure Europe’s technological sovereignty in AI computing. It will drive the finalization of our technology and the launch of our production, enabling VSORA to play a crucial role as the sole alternative to non-European chip designers.”

Semiconductor & deep tech transactions managed by Clipperton:

Deal Team Clipperton

• Nicolas von Bülow, Managing Partner
• Martin Vielle, Partner
• Pierre Pinsault, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology companies, blue-chip corporates, and renowned financial investors.

Cet article VSORA, the global innovator in ultra-high performance computing, secured a €40 million investment to bring the world’s most powerful, energy-efficient, and cost-disruptive AI chip to market est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to Didomi, a leader in consent and privacy management.
• Marlin joins the capitalization table as part of an $83 million investment to support Didomi in accelerating international expansion and positioning itself as the leading digital trust platform globally. 
• Didomi acquires Addingwell, a server-side tagging platform, to unlock privacy-first data collection and activation with a proprietary Didomi server-side offering.
• Clipperton had previously advised Didomi on the company’s $40m Series B round with Elephant Partners, Breega, and other financial investors.
• This transaction further confirms Clipperton’s expertise in advising tech leaders in their buyout transactions, with recent transactions including Rydoo’s LBO with Eurazeo, Braincube’s $90m deal with Scottish Equity Partners, or Travelsoft’s LBO with CAPZA.

Our Client

• Founded in 2017 by Romain Gauthier, Jawad Stouli, and Raphaël Boukris, Didomi offers a SaaS solution that allows organizations to implement great Privacy User Experiences that respect choices and give people control over their data.
• Its Global Data Privacy Solutions are designed to solve today’s data privacy challenges, such as multi-regulation consent management, privacy governance, and the need to provide self-service user privacy journeys, supercharged by flexible integrations, high-grade security standards, and premium support services. 
• Active in over 35 countries and relied upon by over 1,500 companies, including Orange, Rakuten, Decathlon, Societe Generale, ING, and many others, Didomi supports businesses across various sectors in strengthening user relationships through clarity, choice, and control. 

Deal Rationale

• This anchor investment of Marlin will enable Didomi to further position itself as the Global Data Privacy solution provider, consolidating its product suite and accelerating its international expansion.
• The acquisition of Addingwell strengthens Didomi’s conviction that data privacy is more than compliance and has become a strategic, core business topic for leading organizations looking to enhance data sovereignty and effectiveness.
• A fast-growing, major player in the market, Addingwell supports over 1,000 clients in their server-side tagging implementation, optimizing their data strategies to maximize marketing and advertising ROI in a compliant manner.
• “The acquisition of Addingwell represents a significant milestone in our journey, reflecting a commitment to driving innovation and delivering enhanced value to our customers, at a time when companies need to adapt to a demanding privacy context with the right approach and partner for their data strategy. This acquisition will consolidate Didomi’s position as a disruptive and ambitious force within the Data Privacy and Consent Management sector.”, commented Romain Gauthier, Co-Founder and Chief Executive Officer at Didomi. 
• Marlin Equity Partners, a global investment firm with offices in Paris, London, and Los Angeles, approximately $10 billion in capital commitments, and nearly 260 acquisitions under its belt, will act as a trusted partner for Didomi’s next phase of development.

From Venture Capital to Private Equity

• The exit landscape for VC-backed startups has undergone a substantial transformation over the past decade, notably thanks to the emerging trend of what we like to call “VC-to-PE deals”. While exits to PE funds made up just 8% of total exits for VC-funded companies between 2006 and 2010, that figure has surged to a whopping 24% for the years 2021 to 2024.
• This transaction confirms this trend and further shows Clipperton’s expertise in advising tech leaders in their buyout transactions, with recent transactions including  Rydoo’s LBO with Eurazeo, Travelsoft’s LBO with CAPZA, or Braincube’s LBO with Scottish Equity Partners. 

Deal Team Clipperton

• Antoine Ganancia, Managing Partner
• Martin Vielle, Partner
• Ghislain de Buchet, Vice President
• Naomi Darko, Vice President
• Julie Bayle de Jessé, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology companies, blue-chip corporates, and renowned financial investors.

Cet article Didomi, the global leader in data privacy solutions, welcomes Marlin Equity Partners as an investor and acquires server-side tagging platform Addingwell, through an $83 million investment est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to Klara – the leading solution for managing frontline employees’ skills – in the structuration of a €10m acceleration round led by Dutch investor Endeit Capital, with the participation of existing investors Side Capital and Ankaa Ventures. 
• This funding round marks a strategic milestone in Klara’s international expansion and the strengthening of its expertise in frontline workers, those who are at the heart of business performance.
• This transaction is testimony to Clipperton’s know-how in advising HR tech pioneers, with credentials such as Welcome to the Jungle’s €50m Series C, Foederis Group’s sale to Septeo, or AssessFirst’s growth investment from CAPZA.

Our Client

• Klara enables businesses to structure and industrialize skills development at scale, ensuring a rapid and measurable upskilling process, especially for frontline workers, who are often overlooked. It also provides managers with tools to better support and empower their teams. 
• In 2024, Klara recorded a 175% growth rate, demonstrating the relevance and impact of its solution. 
• Having established relationships with major enterprise clients, including Safran, Carrefour,  Saint-Gobain, and OTIS, and following the opening of a London office in 2024, Klara is actively expanding across European markets with advanced discussions already underway with several key players.

Deal Rationale

• This third funding round was led by Endeit Capital, a Dutch group specializing in supporting European tech scale-ups, making its very first investment in France. They join historical investors Side Capital and Ankaa Ventures. 
• With the new funding, Klara is forecasting to continue its strong growth in the coming years, strengthening its position as an innovative leader in skills management.
• “This funding round gives us the resources to accelerate our deployment and strengthen our teams and offerings, particularly by integrating new functionalities”, commented Roman Etay, CRO and co-founder of Klara.

Clipperton’s strong track record in HR Tech

• This transaction is testimony to Clipperton’s know-how in advising HR tech pioneers, with credentials such as Welcome to the Jungle’s €50m Series C, Foederis Group’s sale to Septeo, or AssessFirst’s growth investment from CAPZA.

Deal Team Clipperton

• Thibaut Revel, Managing Partner
• Marc Schäfer, Executive Director
• Nathan Burnel-Hauteville, Associate

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Klara, the leading scale-up for frontline employee skills management and workplace-based training solutions, raises €10m led by Endeit Capital est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to Epsor, a fintech specializing in employee savings and pension plans, on its €16 million Series C, led by the Fonds Stratégique des Transitions (FST), managed by ISALT, alongside historical investors Revaia and BlackFin. 
• With this Series C funding, Epsor aims to triple its assets under management by 2027 and is preparing for future external growth operations to target a place in the French TOP 5.
• This deal confirms Clipperton’s role as a leading financial advisor for European fintech deals, with previous transactions such as Rydoo’s LBO with Eurazeo, or Taurus’ $65m Series B led by Credit Suisse.

Our Client

• Founded in 2017 by Julien Niquet and Benjamin Pedrini, Epsor is a fintech specializing in employee savings and pension schemes. Today, Epsor helps the HR and C&B departments of over 1,500 corporate customers.
• Epsor demonstrates an exceptional growth trajectory: after reaching €1 billion in assets under management in just five years, joining the TOP 10 in the sector, and achieving the strongest growth in the market in 2024 (+50%), the company will pass the €2 billion mark in assets under management at the end of the year and plans to triple it by 2027.
• With nearly €50 million raised since its inception, Epsor is experiencing sustained growth while continuing to develop its HR and C&B community, L’addition. As the only B Corp label company in its sector, Epsor is committed to more transparent, educational, and socially responsible savings to serve employees’ financial well-being.

Deal Rationale

• The investment of the FST, managed by ISALT, marks a key step for Epsor, providing long-term institutional support. This commitment illustrates the fund’s vocation to support French SMEs and ETIs, which play a strategic role in the environmental, technological, and social transition.
• Julien Niquet and Benjamin Pedrini, co-founders of Epsor, declared: “We are proud to enter a new key stage in our development alongside ISALT, an investor committed to the long term. This strategic partnership with FST, and the renewed trust placed in us by Revaia and Blackfin, give us the means to pursue our ambition: to help companies turn their employee savings and pension schemes into a strategic HR lever, in a market that is consolidating, and where we are aiming for a place in the TOP 5.”

Deal Team Clipperton

• Antoine Ganancia, Managing Partner
• Vanessa Sorel, Executive Director
• Ghislain de Buchet, Vice President
• Ismail Roqaichaoui, Associate
• Paolo Crippa, Analyst

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Epsor, a fintech specializing in employee savings and pension schemes, raises a €16m Series C financing round led by the Fonds Stratégique des Transitions (FST), managed by ISALT, alongside historical investors Revaia and BlackFin est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to Galam Robotics, a start-up that reinvents warehouse management with a unique modular robotic technology, on its €10m Series A led by Supernova Invest (via its CAIT fund) and Bpifrance Amorçage Industriel, with the participation of existing investors, including Polytechnique Ventures and Stéphane Aisenberg.
• This funding will help the company reinforce its production capacity, as well as structure and expand its commercial offering across France and Europe. 
• This deal confirms Clipperton’s role as a leading financial advisor for European Deep Tech deals, with previous transactions such as Sinequa’s sale to ChapsVision, or Neural Concept’s $27m Series B led by Forestay Capital.  

Our Client

• Founded in 2019 by Samuel Perez and Jonathan Levy, Galam Robotics is developing automated modular robotics to address the specific challenges of small and mid-sized warehouses. 
• Powered by its proprietary sliding puzzle technology, Galam Robotics has created a scalable, robust, and highly efficient modular solution, delivering an unmatched value for modern warehouses ranging from 100 to 1000m².
• With its first deployment in Europe, Galam Robotics is now set for further expansion, fueled by the rapid adoption of robotics in warehouses.

Deal Rationale

• This financing will first strengthen the company’s production capacity, a strategic priority as TAK-ONE has garnered strong interest from key players in the retail and logistics sectors. 
• By 2025, Galam Robotics aims to quadruple its revenues by expanding massively in France and Europe. This ramp-up will also require the strengthening of operational teams, with key recruitments in engineering, production, and business development.
• Lastly, part of the investment will be devoted to R&D, Galam Robotics’ core technology.
• “This round of financing marks a key milestone for Galam Robotics, enabling us to accelerate the industrialization and large-scale deployment of TAK-ONE. The intelligent automation of logistics buffers within logistics warehouses is a strategic lever for optimizing the last-mile delivery scheme. The many expressions of interest we’ve received have convinced us that our technology provides a high-performance response to the growing challenges of the market”, said Samuel Perez, co-founder of Galam Robotics.

Clipperton’s track record in advising Deep Tech category leaders

• This deal confirms Clipperton’s role as a leading financial advisor for European Deep Tech deals, with previous transactions such as Sinequa’s sale to ChapsVision, or Neural Concept’s $27m Series B led by Forestay Capital.  

Deal Team 

• Nicolas von Bülow, Managing Partner
• Marc Schäfer, Executive Director
• Ismail Roqaichaoui, Associate

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Galam Robotics raises a €10m Series A led by Supernova Invest and Bpifrance est apparu en premier sur Clipperton Finance.

Clipperton releases today its Cybersecurity Market Monitor 2024. In the context of this research paper, we analyze the valuation landscape in the cybersecurity space, focusing on software vendors and European transactions.

Cybersecurity Software: A Resilient Sector in 2024

Cybersecurity software stocks have demonstrated strong resilience this year, outperforming other software verticals despite slightly trailing the NASDAQ, which continues to benefit from the Gen-AI boom. The Clipperton Cybersecurity Software Index shows an impressive +26% annual performance, with top-tier players – those balancing growth and profitability – leading the charge.

In private markets, strategic M&A activity is heating up, driven by major corporates seeking to secure their core businesses. Notable deals include MasterCard’s acquisition of Recorded Future and Salesforce’s purchase of Own. Meanwhile, PE funds are actively investing in both cybersecurity software and services, taking undervalued public assets private and expanding MDR (Managed Detection & Response) platforms through acquisitions.

Download and read our full analysis below for deeper insights into key trends shaping the cybersecurity investment landscape.

Authors: feel free to reach out to discuss these insights:

• Thibaut Revel, Managing Partner
• Dr. Nikolas Westphal, Managing Partner
• Olivier Combaudou, Partner
• Lucas Pingard, Vice President
• Pierre Pinsault, Analyst

Clipperton’s selected track record in Cybersecurity

Cet article Cybersecurity Market Monitor 2024 est apparu en premier sur Clipperton Finance.

Clipperton delivered another strong year in 2024, undeterred by macroeconomic headwinds in Europe. Over the past twelve months, we advised on over 30 high-profile tech deals, totaling $2 billion in deal value and featuring a diverse mix of strategic M&A deals for fast-scaling clients, tech buyouts, and growth financings.

­Inflation under control, profitable growth premium: Is ‘the best yet to come’ for tech in 2025?

From a market perspective, 2024 was a challenging year, especially in Continental Europe. However, a few recent developments have brought a more positive outlook: inflation and interest rates appear to be under control, while high liquidity levels persist, maintaining the strong appeal of private equity and venture capital. Meanwhile, technology – AI, software, cybersecurity, and renewable energy – drives structural growth across the real economy.

These trends are reflected in the recovery of valuation levels, evident in the European mid-market and in the SaaS sector, where valuations now average 7x projected sales over the next 12 months. Notably, the focus is shifting toward profitable growth in the SaaS industry, with top-performing companies – those meeting the ‘Rule of 40’ – commanding multiples exceeding 10x, and even higher in some cases.

­Clipperton Deal Highlights 2024

Fueled by a constant appetite from both financial sponsors and trade buyers, we were happy to assist some of the leading Software companies in Europe – our largest practice accounting for around 60% of all deals. Since 2020, Clipperton has facilitated over 100 transactions in the Software space, over half of which were buy-out deals.

In 2024 alone, we contributed to several noteworthy deals:

Trade Sales:

• The merger of two cybersecurity leaders in Europe, French Vade Secure and German Hornetsecurity;
• The sale of French enterprise search engine company Sinequa to ChapsVision, a leader in AI-enhanced data processing;
• The sale of German document management company natif.ai with Japanese-American leader Ricoh (Docuware).

Private Equity Deals (Sell-Side and Buy-Side):

• Rydoo, the fast-growing international expense management software provider, received an investment from Eurazeo;
• Eskimoz welcomed Siparex ETI as a new minority shareholder;
• The Mobsuccess Group received an investment from Siparex Midcap;
• Astorg acquired a majority stake in Redslim, a data management services provider;
• DENTRESSANGLE Capital acquired a majority of the capital of leading ASIC’s designer and producer, Presto Engineering.
• Amelkis’, the SaaS solution for reporting and accounting consolidation, LBO with Parquest;

Each in their respective field, these major European players will be able to solidify their leadership through both organic and external growth, thanks to the resources provided through these new transactions.

Aside software, tech-enabled services and Martech have been an important part of our 2024 performance with an accelerating digitalization of large corporates as illustrated by the sale of Kamino Retail (retail media) to Equativ, backed by Bridgepoint, along the LBOs of Mobsuccess and Eskimoz (see above).

­Looking Ahead

We enter 2025 confident that our combined sector expertise, built since 2003, and transactional capabilities will meet the growing demand from our clients for innovative funding solutions.

We are also deeply grateful for our clients’ trust and our teams’ dedication.

For an in-depth exploration of our European tech deals in 2024 and our prior transactions, click here.

Expanding Leadership and Capabilities: Launch of our Debt Advisory Practice and Expanded European Coverage

To secure our future growth, we have strengthened our senior leadership team through targeted hires and key internal promotions:

The rise of leveraged PE deals in the tech sector prompted us to launch our dedicated Debt Advisory practice in the summer of 2024, led by our new Partner Laurence de Rosamel, bringing nearly 20 years of European expertise, and joined by William Poirson as a Director.

We have enhanced our client coverage capabilities throughout Continental Europe, with Steffen Boode joining the team as a Senior Advisor and local partner in the Netherlands for the Benelux region.

Wael Abou Karam and Karim Mekouar were promoted to Director last summer in our Paris office. Both have consistently demonstrated exceptional leadership, dedication, and impact within our team.

­We have further welcomed 9 new talents to our team in 2024!

Other Corporate News

Clipperton is ranked as a leading TMT advisor in M&A and Private Equity in France

We are honored to once again be recognized in the leading categories M&A (TMT and Small & Mid-Cap), PE (Growth Financing & LBO Small-Cap), and Health & Pharmaceutical Industry M&A in the Leaders League 2024 ranking.

A heartfelt thank you to our clients, partners, and friends for your continued trust, and to our entire team for their exceptional dedication and expertise.

You are in the driving seat of our positive impact

At Clipperton, we take pride in our commitment to supporting key innovators in their strategic and financial growth. In the spirit of starting the New Year with impact, we made the choice to support organizations that are positively transforming the world.

Click on this link and select from three thoughtfully chosen charities. Thank you for your participation!

Unveiling of our new corporate visual identity

As we celebrated over 20 years of dedication and success, we were proud to launch our new brand identity.

Our new visual identity is more than just a refreshed look: it symbolizes Clipperton’s evolution and reinforces our status as a European leader in advising tech scale-ups. This new brand platform reflects our modern, dynamic, and forward-thinking approach while honoring the legacy and core values that have been the foundation of our success.

Cet article Clipperton’s Strong 2024 Performance & Outlook for 2025 est apparu en premier sur Clipperton Finance.

Since the start of 2024, our team has successfully closed over 30 transactions, demonstrating our unwavering commitment to guiding clients through every stage of their growth journey.

A heartfelt thank you to our clients, partners, and friends for your continued trust, and to our entire team for their exceptional dedication and expertise.

Cet article Clipperton is named #1 in M&A and Private Equity by Décideurs Magazine est apparu en premier sur Clipperton Finance.

• Klaxoon, the provider of an all-in-one visual collaboration platform, entered into an offer agreement to be acquired by Wrike from Eurazeo, Bpifrance, and Sofiouest. Clipperton acted as sole financial advisor to Klaxoon and its shareholders.
• Wrike, a portfolio company of STG, is a leader in intelligent work management software.
• With this acquisition, Wrike will combine creative visual management with its intelligent work management platform, creating an impactful solution that allows companies to drive even more efficiency in their workflows.

Our Client

• Headquartered in Rennes, France, Klaxoon provides an all-in-one platform combining an infinite whiteboard and eight visual collaboration tools to help companies foster engagement at work and increase productivity
• Wrike equips more than 20,000 companies globally including organizations like Total, Accenture, and LVMH. 
• Klaxoon has been continuously innovating with new product enhancements, developing its collaboration features, user interface, engagement metrics, and exclusive features tailored for enterprise clients, all designed to enhance usability and elevate the collaborative experience.

Deal Rationale

• Both Wrike and Klaxoon share a bold vision: a world where workplace collaboration is frictionless and fully integrated. With Wrike’s AI-enhanced work management capabilities and Klaxoon’s visual collaboration offerings, teams could transform ideas into action, easily create high-level project views, and turn results into engaging meetings. The combined platform would empower teams across industries — from manufacturing to professional services to high tech — to enable end-to-end workflows like product lifecycle, client service delivery, training programs, and campaign management.  
• “We have built Klaxoon into one of the industry’s leading SaaS providers for enterprise customers through our focus on continuous innovation,” said Matthieu Beucher, founder and chairman of Klaxoon. “Wrike’s acquisition will provide Klaxoon with the global reach and backing to deliver even greater value to our customers, and we look forward to working with the Wrike team to drive the convergence of work management and visual collaboration.”
• The transaction is subject to customary regulatory approval. It is expected to close by the first quarter of 2025, after which Klaxoon will become part of Wrike’s operations and its platform will become an integral part of Wrike’s product suite.

Clipperton’s expertise in advising on cross-border M&A transactions

• This deal solidifies Clipperton’s role as a leading financial advisor for tech leaders, crafting transactions with international investors and strategic acquirers. Notably, this marks Clipperton’s 12th concluded cross-border deal this year.

Deal Team Clipperton

• Thibaut Revel, Managing Partner
• Nicolas von Bülow, Managing Partner
• Olivier Combaudou, Partner
• Karim Mekouar, Director
• Naomi Darko, Associate
• Grégoire Bonnet, Associate

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, and partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Klaxoon enters into an offer agreement to be acquired by Wrike est apparu en premier sur Clipperton Finance.

• Sinequa, a front-running enterprise search platform with advanced RAG¹ capabilities is acquired by ChapsVision, a leader in the processing of data enriched by AI. Clipperton acted as the sole financial advisor to the shareholders of Sinequa in this transaction. 
• ChapsVision plans to leverage this acquisition to enhance its platform offering and further help organizations accelerate their adoption of generative AI, supporting the transition from experimentation to production solutions in a secure context. 
• This deal solidifies Clipperton’s position as a top-tier advisor to European Software category leaders. The sale of Sinequa to ChapsVision brings to 10 the number of SaaS transactions successfully closed by Clipperton in 2024.

Our Client

• Headquartered in Paris with operations in New York, San Francisco, Huntsville, London & Frankfurt, Sinequa provides a critical software brick enabling the implementation of GenAI for Enterprise customers who work with complex IT architecture and large data sets.
• As a major player in AI and RAG, recognized by both Gartner and Forrester, Sinequa boasts a prestigious customer portfolio with global Fortune 500 clients, including Pfizer, AstraZeneca, TotalEnergies, Alstom, Airbus, and NASA.
• Sinequa enables companies to extract value from the mass of data scattered across their corpus of internal documents and databases. Its solution, combining a powerful search engine with advanced Natural Language Processing (NLP) and machine learning algorithms, extracts business information from structured and unstructured data. As a result, company employees obtain the knowledge, expertise, and insights they need to make informed decisions.

Deal Rationale

• ChapsVision will leverage this acquisition to help organizations accelerate their adoption of AI and generative AI, supporting the transition from experimentation to production solutions in a secure context. 
• In addition to the technological complementarity, ChapsVision will capitalize on this acquisition to accelerate its international expansion (Europe, North America) and reinforce its position in high-potential markets such as pharmaceuticals, industry, and finance.
• The acquisition of Sinequa is financed by contributions in kind, as well as by a third round of financing for ChapsVision amounting to €85 million which will also be used to foster global expansion. ChapsVision’s historical shareholders – Tikehau Capital, Bpifrance, Qualium Investissement, GENEO Capital – and new investor Jolt Capital are all contributing to this financing.
• Jean Ferré, CEO of Sinequa, commented: “The ChapsVision project opens up great opportunities for our employees while enabling our customers to benefit from an offer that is technologically broader and more profound from a business point of view. This project, led by an inspiring entrepreneur with a proven track record, is a unique opportunity in Europe in terms of its financial, industrial, and even sovereign ambitions. It’s the perfect next step for Sinequa.”
• Alexandre Bilger, Chief Architect Officer of Sinequa added: “Joining forces with ChapsVision and contributing to its strong growth represents a formidable opportunity for the teams of Sinequa and for myself. We are happy to offer the clients of ChapsVision our cognitive search solution and help them tackle their challenges in terms of complex data management. With its firepower, ChapsVision will help bolster our investments in quality of service and product as well as further accelerate our international development.”

Clipperton reaches 10 SaaS deals closed in 2024

• The sale of Sinequa to ChapsVision brings to 10 the number of SaaS transactions successfully closed by Clipperton in 2024.
• Recent transactions include Astorg acquiring a majority stake in Redslim, a data management services provider, and energy efficiency software vendor advizeo joining Hager Group.

Deal Team Clipperton

• Thibaut Revel, Managing Partner
• Nicolas von Bülow, Managing Partner
• Martin Vielle, Partner
• Wael Abou Karam, Director
• Naomi Darko, Associate
• Capucine Viard, Analyst

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

1. Retrieval Augmented Generation ↩︎

Cet article Sinequa, the leading enterprise search platform powered by AI, is sold to ChapsVision est apparu en premier sur Clipperton Finance.

• Clipperton and Natixis Partners acted as financial advisors to Astorg on its majority acquisition of Redslim, a Pan-European data management company that is leveraging its proprietary platform to harmonize and aggregate fragmented databases.
• Thanks to this new partnership with Redslim, Astorg will support the company’s growth, including a plan to accelerate R&D and platform investments and drive growth beyond Europe and existing verticals.
• This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Clipperton has advised several players digitizing retail along the value chain, may it be software players or tech-driven service providers. Recent transactions include Mobsuccess’ LBO with Siparex Midcap, the sale of Kamino Retail to Equativ, and In The Memory’s sale to VusionGroup (formerly named SES-imagotag).

About Redslim

• Redslim, founded in 2013 and based in Zug, Switzerland, provides data management services, leveraging a proprietary technology platform, and focusing on Consumer-Packaged Goods and Consumer Healthcare segments. 
• With over 100 employees, Redslim aggregates and optimizes data consumption for over 30 global organizations. The company has been backed by Andera Acto since the beginning of 2023.

Deal Rationale

• Thanks to this new partnership with Redslim, Astorg will support the company’s growth, including a plan to accelerate R&D and platform investments and drive growth beyond Europe and existing verticals.
• The investment will be part of Astorg’s Mid Cap portfolio, its sixth portfolio company and the third in software and technology. Redslim has been growing its sales by 30% to 40% every year for the past four years, reaching around €13 million in 2023, according to the estimates, and counting on nearly €20 million this year and €25 million in 2025.

Future of retail – Clipperton’s strong expertise in advising industry disruptors

This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Clipperton has advised several players digitizing retail along the value chain, may it be software players or tech-driven service providers. Recent transactions include Mobsuccess’ LBO with Siparex Midcap, the sale of Kamino Retail to Equativ, and In The Memory’s sale to VusionGroup (formerly named SES-imagotag)

Clipperton has proven its capability to support retail enablers on a wide spectrum of capitalistic challenges that include Growth Financing, strategic M&A, and PE Growth transactions on both sell- and buy-sides.

Clipperton’s extensive track record with tech buy-out transactions

• This transaction marks the 13th tech buy-out deal of Clipperton over the last 12 months, with recent transactions such as Eskimoz’s LBO with Siparex Midcap or Presto Engingeering’s LBO with DENTRESSANGLE Capital. 

Deal Team Clipperton

• Nicolas von Bülow, Managing Partner
• Olivier Combaudou, Partner
• Lucas Pingard, Vice President
• Camille Servant, Analyst

Deal Team Natixis Partners

• Driss Mernissi, Managing Director
• Pierre Ruaud, Managing Director
• Dorian Cherruault, Associate
• Jules Barlot, Analyst

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Astorg acquires a majority stake in Redslim, a data management services provider, supporting its growth and international expansion beyond Europe est apparu en premier sur Clipperton Finance.

Steffen Boode
Steffen brings a wealth of experience to Clipperton, with a background as both a business partner and co-founder. He has supported numerous high-growth companies, leading brands, and investors across Europe and the U.S., specializing in business development, corporate finance, due diligence, and M&A. His entrepreneurial expertise is supported by a Master’s degree in Economics and Business administration and a fellowship at the Association of Chartered Certified Accounts.

Reflecting on Clipperton’s role in the industry, Steffen shared: “With over 400 transactions completed and a unique focus on digital and tech-driven sectors, Clipperton offers an exceptional value proposition for high-growth tech companies across the Netherlands and Benelux. I am excited to contribute to Clipperton’s proven success in the Dutch market and work together to elevate our growth journey across Europe and beyond.”

“We’re delighted to welcome Steffen,” added Nicolas von Bülow, Clipperton’s Co-Founder and Managing Partner. “His extensive expertise and deep connections within the Benelux market make him an invaluable addition to our team as we continue to drive transformative opportunities in the region.”

For inquiries, reach Steffen directly at sboode@clipperton.com or connect on LinkedIn here.

Clipperton strengthens its footprint in the Netherlands and Benelux region

Clipperton is international by design: with offices across Europe (Paris, London, Berlin, Munich, Amsterdam) and Senior Advisors in Asia and North America, we further have recently strengthened our presence in the Benelux region through our alliance with Tandem Capital Advisors in Belgium and Emendo Capital in the Netherlands. Through our partnership with Natixis’ global M&A Advisory, we leverage a network of over 500 M&A professionals worldwide.

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, and partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Clipperton Expands Benelux Presence with Steffen Boode as a New Team Member and a Local Partner in the Netherlands est apparu en premier sur Clipperton Finance.

William Poirson, Director

Before joining Clipperton, William Poirson worked in the Debt Advisory team at Clearwater International, advising mid-market companies and PE funds on acquisition and growth financing transactions across diverse sectors. William started his career at LCL in Leveraged Finance.

You can contact William via wpoirson@clipperton.com

Clipperton’s Debt Advisory Practice

Laurence de Rosamel, who joined Clipperton in September as Partner, and William Poirson will be dedicated to our new European Debt Advisory practice, responding to a growing need from our clients for LBO & ARR financing solutions.

Other People News

Promotions

Wael Abou Karam and Karim Mekouar promoted to Director
We are happy to announce the promotions of Wael Abou Karam and Karim Mekouar from Vice President to Director. Both have consistently demonstrated exceptional leadership, dedication, and impact within our team.

Further additions to our team

Welcoming our new Analysts
Camille Servant and Paolo Crippa joined the team as Analysts after completing a 6-month internship in Paris. Julie Bayle de Jessé is also joining us as Analyst, with prior experience at Rothschild & Co.

Quitterie Péronnet as CFO
We are pleased to announce that Quitterie has joined our team as our new CFO. With her strong background in finance and operations, with several years of experience at Theodo Group and KPMG, Quitterie will play a key role in managing our financial strategy and overseeing office operations.

Sandra Moreau as Office Manager
We are pleased to welcome Sandra as our new Office Manager. After gaining extensive experience in office management and operations in Calgary, Canada, Sandra will be instrumental in strengthening our office operations and efficiency.

Cet article Clipperton welcomes 6 new talents to its team and announces 2 promotions est apparu en premier sur Clipperton Finance.

• Clipperton acted as financial advisor to Eskimoz, one of Europe’s leading digital marketing consultancy platforms. The company welcomes Siparex ETI as a minority shareholder alongside CEO and founder Andréa Bensaid. 
• Natixis Partners’ debt advisory team structured the banking pool of the transaction.
• Siparex ETI’s investment in Eskimoz is designed to support the company’s strong growth momentum and its European digital acquisition market consolidation.
• This transaction is the 12th LBO deal advised by Clipperton over the last 12 months.

Our Client

• Eskimoz, founded in 2015 by Andréa Bensaid, is a digital marketing group specializing in search engine optimization (SEO), paid search (SEA), content creation, and data. 
• Historically focused on SEO, Eskimoz has gradually diversified with the launch of a digital content creation offering as well paid, search and data services. In addition to its core consulting activities, the group has also developed a number of proprietary technology tools to improve and monitor the performance of campaigns deployed for its customers.
• Following an initial cycle of organic growth in France until 2021, Eskimoz has begun its geographical expansion in Europe, notably through three acquisitions in the UK, Spain, and Germany and the opening of an office in Spain. The Group, which today employs 250 consultants, supports companies of all sizes and sectors in their digital acquisition strategy out of seven offices in Paris, Bordeaux, Lyon, Düsseldorf, Madrid, London, and Milan.
• Operating in a booming market, Eskimoz, renowned for its agility and strong technical expertise, has recorded strong growth in recent years. It is now positioned as one of the leading European players in its field. The group achieved sales of €35m million this year and is aiming for €100m by 2029.

Deal Rationale

• Siparex will support Eskimoz in all aspects of the company’s strong growth momentum, organic and inorganic, to reinforce its position as a European consolidation platform and prepare for its entry into the US market.
• The investment will give additional means to Eskimoz to accelerate the continued development of its in-house technology tools supporting its digital marketing one-stop-shop offering. 
• The transaction marks the exit of Momentum Invest, which has held a stake in the group since 2019.
• Andréa Bensaid, CEO of Eskimoz, commented: “Data and technology are at the heart of Eskimoz’s new development phase. Our partnership with Siparex will enable us to accelerate the development of these solutions, by strengthening our in-house expertise and capitalizing on new opportunities for innovation.”

Clipperton’s extensive track record with tech buy-out transactions

• This transaction marks the 12th LBO deal of Clipperton over the last 12 months.
• It also makes reference to Clipperton’s role as a long-term advisor to Eskimoz, with its LBO led by Momentum Invest in 2020 and the acquisition of German-based Semtrix in 2024. 

Deal Team Clipperton

• Thomas de Montille, Managing Partner
• Lucas Pingard, Vice President
• Pierre Pinsault, Analyst

Deal Team Natixis Partners

• Philippe Charbonnier, Managing Director
• Martin Chalanset, Associate

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Eskimoz welcomes Siparex ETI as a new minority shareholder to accelerate its international and technological expansion est apparu en premier sur Clipperton Finance.

• Clipperton acted as the sole financial advisor to advizeo, a French leader in Energy Management solutions, on its sale to Hager Group, a leading supplier of solutions and services for electrical installations in residential, commercial, and industrial buildings.
• By joining Hager Group, advizeo will benefit from the expertise and resources of a world leader in energy management. This strategic alliance is an exceptional opportunity for advizeo to strengthen its growth and explore new markets, particularly internationally.  
• This deal solidifies Clipperton’s expertise in advising ESG-focused tech companies on their strategic transactions. Recent transactions include Elum Energy, a leading provider of advanced energy management solutions for renewable energy systems – raising an acceleration round led by US investor Energize Capital, and Reporting21, a leading sustainability-focused SaaS platform, acquired by Cority, a portfolio company of Thoma Bravo.

Our Client

• Founded in 2015 from an intrapreneurship initiative within the engineering group setec and led by Cyril Sailly, advizeo is the one-stop-shop for energy efficiency for B2B customers in the retail, healthcare, and commercial real estate segments, with a comprehensive offer combining software and energy management services.
• advizeo’s core mission is to empower customers to achieve genuine and continuous energy savings by combining state-of-the-art monitoring solutions based on data science, and expert energy management consulting services to design and drive energy efficiency action plans.
• Backed since 2021 by Credit Mutuel Equity and Bpifrance, advizeo achieved sales of 13 million euros in 2023 and an organic growth of over 30%.

Deal Rationale

• setec, Credit Mutuel Equity, and Bpifrance sell their shares as part of the transaction and advizeo becomes a fully owned subsidiary of Hager Group.
• By joining Hager Group, advizeo benefits from the expertise and resources of a world leader in energy management. This strategic alliance is an exceptional opportunity for advizeo to strengthen its growth and explore new markets, particularly internationally.  Thanks to the support of Hager Group, advizeo will be able to develop and offer even more innovative solutions on a European scale, meeting the growing needs of businesses and local authorities in terms of energy consumption reduction, performance optimization, and sustainability.
• Cyril Sailly, Chairman of advizeo, commented: “This integration marks a pivotal moment in advizeo’s growth path, ten years after our creation within setec which, alongside Bpifrance and Crédit Mutuel Equity since 2021, has supported us perfectly up to now. By joining forces with Hager Group, we are opening the door to new opportunities, fuelled by innovative solutions that will meet the ever-changing demands of energy management. We’re delighted to be joining the family-owned Hager Group, and look forward to moving the lines of energy efficiency alongside them.”

Clipperton’s expertise in advising ESG-focused tech companies on their strategic transactions

Deal Team 

• Thibaut Revel, Managing Partner
• Marc Schäfer, Executive Director
• Lucas Pingard, Vice President
• Clara Lamotte, Analyst

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article advizeo joins Hager Group to strengthen its leadership in France and accelerate its international development est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to Kamino Retail, a company offering a software solution powering on-site retail media.
• This acquisition will enhance Equativ’s retail media capabilities and expand upon the company’s recent merger with Sharethrough, which created one of the largest global independent ad marketplaces.
• This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Recent transactions include Mobsuccess’ LBO with Siparex Midcap and the sale of In The Memory to VusionGroup (formerly SES-imagotag).

Our Client

• Founded in 2023 by four marketing experts, Kamino Retail is a tech company specializing in Retail Media. The Kamino Retail platform comes with a suite of solutions, tailored for Retailers and the specific needs of their sales house. 
• Kamino Retail’s mission is to bring the best of agility, innovation, transparency, and trust to retailers; empowering them to unlock the full potential of their Retail Media monetization programs.

Deal Rationale

• Through the acquisition of Kamino Retail, Equativ will provide retailers with a comprehensive, independent, and transparent suite of solutions that fully unlock the potential of their advertising space and shopper data.
• This acquisition will enhance Equativ’s retail media capabilities and expand upon the company’s recent merger with Sharethrough, which created one of the largest global independent ad marketplaces. Backed by Bridgepoint, Equativ has tripled in size over the last three years, driving significant growth and innovation across the adtech landscape. 
• The acquisition marks a major step forward in Equativ’s commitment to innovation and growth within the retail media sector, which is expected to capture $166 billion globally by 2025. Kamino Retail’s flexible and interoperable solutions, combined with Equativ’s adtech expertise, now enable retailers to benefit from a centralized technology platform that brings together the best of on-site and off-site monetization with access to all demand sources, including programmatic.
• “More than a choice, this strategic acquisition was obvious for us. Equativ’s proven off-site technology suite, combined with Kamino Retail’s expertise and unique platform, allows us to provide our customers with ever more efficient, agnostic, interoperable, and integrated solutions,” said Elie Aboucaya, co-founder of Kamino Retail. “Equativ’s global presence, combined with their strategic partnerships, provides a significant boost to our international deployment and our technological roadmap,” added Marianne Schneider, co-founder of Kamino Retail.

Future of retail – Clipperton’s strong expertise in advising in advising industry disruptors

• This deal highlights Clipperton’s proven expertise in advising innovative companies that drive the retail industry’s evolution through advanced technologies. Recent transactions include Mobsuccess’ LBO with Siparex Midcap and the sale of In The Memory to VusionGroup (formerly SES-imagotag).

Deal Team

• Antoine Ganancia, Managing Partner
• Olivier Combaudou, Partner
• Ghislain de Buchet, Vice President
• Capucine Viard, Analyst

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Kamino Retail, the flexible and agnostic on-site retail media platform designed for retailers, is sold to Equativ est apparu en premier sur Clipperton Finance.

A seasoned corporate finance expert, Laurence de Rosamel brings over 18 years of experience in debt advisory, financial restructuring, and capital markets to Clipperton, gained at DC Advisory, Oddo BHF, and Clearwater International, where she was heading the Paris team and led business development for Europe. Laurence has advised mid-market clients across various sectors, including technology, healthcare, consumer goods, industrials, and services, on a broad range of financing transactions.

Nicolas von Bülow, Co-Founder and Managing Partner at Clipperton, commented: “We are thrilled to welcome Laurence de Rosamel to our partnership. Her extensive experience and deep knowledge of the European financing landscape make her an invaluable addition to our team. Laurence’s arrival strengthens our commitment to supporting growth companies, especially when we’re seeing increased development of buy-outs and debt financing, particularly within the tech and SaaS sectors. We are confident that Laurence will play a key role in Clipperton’s future and success.”

Laurence de Rosamel added: “I am delighted to join Clipperton, a firm renowned for its Tier 1 sector expertise, entrepreneurial spirit, and dedication to client success. I look forward to supporting the increasing number of growth companies across Europe in their debt financings. I am enthusiastic to embark on the Clipperton journey and to become part of such a dynamic and talented team with whom to shape the firm’s future, which will undoubtedly be bright and successful.”

You can reach Laurence via lderosamel@clipperton.com / https://www.linkedin.com/in/lderosamel

Debt Financings are Gaining Traction in Tech

As tech businesses mature and the focus has shifted post-COVID from revenue growth to profitability, a wider range of financing options has become available for Tech scale-ups. These include venture debt, ARR financing, LBO financing, structured equity, etc.

In particular, ARR debt has accelerated as a compelling alternative to equity financing, with lenders offering terms tailored to SaaS companies and Private Equity funds in leveraged buyouts (LBOs) in their efforts to scale and finance acquisitions.

A Surge in Leveraged Buyouts Exits Across the Tech Sector

As illustrated in Clipperton’s research paper “From VC to PE: A Guide for Tech Startups”, the shift towards Private Equity funds is gaining momentum and reshaping how tech companies approach exits. The exit landscape for VC-backed startups has substantially transformed over the past decade, notably thanks to the emerging trend of “VC-to-PE deals”. While exits to Private Equity funds made up just 8% of total exits for VC-funded companies between 2006 and 2010, that figure has surged to a whopping 24% for 2021 to 2023. You can download the report here. 

Clipperton stands as one of the most active tech LBO advisory platforms in Europe 

At Clipperton, our recent transactions demonstrate the trend towards more tech LBO transactions, and our strong execution skills have enabled us to navigate complex buyouts across a variety of sub-sectors successfully: 

The Clipperton team sees the launch of its European Debt Advisory practice under the direction of Laurence de Rosamel as a confirmation of its commitment to providing first-rate advice and supporting entrepreneurs and companies with high-growth potential. Laurence will play a key role in strengthening Clipperton’s service offering and supporting our clients in their development projects.

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, and London, and partnerships in the USA, China, the Netherlands, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 400 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article Clipperton welcomes Laurence de Rosamel as a new Partner to launch its European Debt Advisory practice  est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to Mobsuccess, a fast-growing ad tech specializing in digital communication for networked retailers and distributed brands, and its shareholders on its growth investment from Siparex Midcap to support its majority managers, Thomas Fagot and Xavier Dupont, as well as its key executives, in a new stage of development and market consolidation.
• Groupe GPG and Jolt renewed their confidence by remaining shareholders.
• With the support of Siparex Midcap, the management team, which has increased its stake in the company, has set itself the goal of accelerating its external growth strategy, by consolidating its current activities and developing its services in new functionalities and geographies, particularly internationally.
• This deal is testimony to Clipperton’s strong track record in advising companies that contribute to equipping the retail industry with advanced technologies. Recent transactions include In The Memory’s sale to VusionGroup (formerly SES-imagotag), or Glopal’s €20m Series A led by Hi Inov – Dentressangle and Crédit Mutuel Innovation.

Our Client

• Founded in 2015 by Thomas Fagot and Gilles Perrin, Mobsuccess is a fast-growing ad-tech specializing in digital communication for networked retailers and distributed brands. Through a suite of managed solutions that unify media, data, and AI, its Widely, Story, Farly solutions enable end-to-end responses to digital communication and acquisition challenges on the market’s most important audience hubs such as Instagram Facebook, Google, Tiktok, Snapchat but also display, digital radio and segmented TV.
• The company stands out for its 360° approach, offering a complete rand of services from communication strategy to digital activation, while integrating high-performance analysis tools to measure the impact of campaigns. In particular, the Mobsuccess Group has established itself as the French leader in “drive to store” digital campaigns, enabling its customers to optimize their visibility and increase in-store traffic.
• With over 100 key account customers, the group has established itself as a key player in digital marketing, supporting major French retailers such as Kiabi, Feu vert, Atol, E.Leclerc, Intersport, and Gifi, as well as service companies such as Axa, Crédit Agricole and Shiva, and automotive companies such as Citroën and Toyota, representing a total of over 20,000 points of sale. In terms of impact, Mobsucess generates over 20,000,000 in-store visits every year.
• Profitable from the outset, with sales of over €45 million in 2024 and more than 175 employees, the Group now aims to reach a new milestone, targeting sales of over €100 million by 2028. 

Deal Rationale

• Retail communication is a market worth several billion euros, including 2 billion for leaflets, which Mobsuccess is helping to digitize. The Group has developed through organic growth and acquisitions, with average annual growth of 30%. With the support of Siparex Midcap, the management team, which has increased its stake in the company, has set itself the goal of accelerating its external growth strategy, by consolidating its current activities and developing its services across new functionalities and geographies, particularly internationally.
• Thomas Fagot, founder of Mobsuccess, comments: “We were keen to find a solid financial partner to support us in our very active build-up strategy, with a change of scale in the size of new acquisition opportunities. This new operation also enables us to involve our key managers in our capital.  The support of Siparex Midcap, and the renewed confidence of GPG and Jolt, will also enable us to accelerate our technological investments in AI supported by a team of 60 engineers while continuing to innovate and make Mobsuccess one of the leading groups in digital marketing.”

Future of retail – Clipperton’s strong expertise in advising industry disruptors

• This deal is testimony to Clipperton’s strong track record in advising companies that contribute to equipping the retail industry with advanced technologies. Recent transactions include In The Memory’s sale to VusionGroup (formerly SES-imagotag), or Glopal’s €20m Series A led by Hi Inov – Dentressangle and Crédit Mutuel Innovation.

Deal Team

• Antoine Ganancia, Managing Partner
• Olivier Combaudou, Partner
• Lucas Pingard, Vice President
• Clara Lamotte, Analyst
• Nabil Benkirane, Analyst

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article The Mobsuccess Group receives an investment from Siparex Midcap to strengthen its leadership in the digital marketing sector est apparu en premier sur Clipperton Finance.

• Clipperton acted as sole financial advisor to Elum Energy – a leading provider of advanced energy management solutions for renewable energy systems – in the structuration of a $13 million acceleration round led by US investor Energize Capital, with the participation of existing investors Alter Equity and Cota Capital. 
• Built on cutting-edge hardware and software technologies developed in-house, Elum Energy has already established itself as one of the worldwide references for energy management systems dedicated to renewable systems. The company empowers its clients with the means to optimize the performance and reliability of solar energy and storage systems worldwide. This investment will support the Company’s ambitious growth plans to address the ever-increasing demand for renewables globally.  Elum Energy will notably reinforce its growing presence in the US and further invest in product development to expand its portfolio toward energy storage and EV integration.
• This transaction is another testimony of Clipperton’s expertise in advising category leaders in their acceleration rounds with international counterparts, including Neural Concept’s $27m Series B led by Forestay Capital, Braincube’s €83m LBO with Scottish Equity Partners and Bpifrance, and Taurus’ $65m Series B led by Credit Suisse. 

Our Client

• Launched in 2016 in Paris, Elum Energy provides control solutions for hybrid power plants. Specifically, its controllers harmonize the flows of the energy system in order to optimize by favoring solar production and limiting diesel production where necessary, calibrating grid injection or improving the self-consumption rate, and, in the presence of storage, optimizing the charging and discharging of batteries.
• Elum Energy’s solutions optimize renewable energy assets globally, leveraging advanced technology for real-time insights and predictive maintenance. The company is a trusted partner in the renewable energy sector, enhancing operational efficiency and energy yield.
• In 2023, Elum Energy extended its worldwide presence by opening three new offices in Spain, Nigeria, and Madagascar. The company kept its high growth trajectory, and now has over 2,500 projects in 50 countries and more than 350 clients.

Deal Rationale

• The solar industry is rapidly evolving as the installed asset base grows daily and projects become more complex as batteries, EV charging, and other assets become more and more intertwined. Global renewable electricity capacity is expected to grow 65% from 2023 to 2027, with 30% of distributed solar projects paired with battery storage. As the grid becomes more dynamic, asset owners need advanced O&M solutions. Elum Energy thrives by streamlining the monitoring and control of standard and hybrid solar PV projects, enabling seamless integration across C&I installations, microgrids, and utility-scale projects.
• This Series B funding will support the company’s ambitious growth plans to address the booming global renewable market, including a U.S. launch, as well as product evolution within the energy storage and EV integration categories.

Clipperton’s strong track record in advising on international growth financings 

• This deal is testimony to Clipperton’s extensive track record advising on international growth financings – including the fundraisings of Neural Concept, Welcome to the Jungle, or Taurus.
• The transaction also showcases Clipperton’s expertise in advising high-growth clients with a strong ESG dimension, following transactions organized for Clareo Lighting (LBO with Nextstage, BNP Paribas Développement & Adélie Capital), Reporting21 (sale to Cority) or Ecovadis (investment from Astorg).

Deal Team

• Thomas Neveux, Senior Partner
• Martin Vielle, Partner
• Joris Thomas, Vice President
• Ismail Roqaichouai, Associate
• Grégoire Bonnet, Associate

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

Cet article <strong>Elum Energy</strong>, a fast-growing provider of advanced energy management solutions dedicated to renewables, raises a $13m Series B led by Energize Capital, with participation from existing investors Alter Equity and Cota Capital est apparu en premier sur Clipperton Finance.