Investment Summary

Summit Partners and Sofina Invest In Veepee

On June 6, 2007, growth capital firm Summit Partners and private equity firm Sofina invested in e-commerce company Veepee

Investment Highlights
  • This is Summit Partners’ 1st and Sofina’s 1st transaction in the E-Commerce sector.
  • This is Summit Partners’ 2nd and Sofina’s 3rd transaction in France.

Investment Summary

Date 2007-06-06
Target Veepee
Sector E-Commerce
Investor(s) Summit Partners
Sofina
Deal Type Growth Capital

Target

Veepee

Saint-Denis, France
website
Veepee is an e-commerce website in Europe and specializes in clearance sales of major brands. Veepee operates in several sectors, including fashion, travel, entertainment, and wine. Veepee was founded in 2001 and is based in Saint-Denis, France.

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Investor(S) 2

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 182 of 382
Sector (E-Commerce) 1 of 6
Type (Growth Capital) 110 of 215
Country (France) 2 of 5
Year (2007) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Fortegra

Jacksonville, Florida, United States

Fortegra is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 LiveOffice Holdings

Torrance, California, United States

LiveOffice Holdings, LLC is a leading provider of email archiving, instant message archiving, anti-spam, antivirus, compliance, and eDiscovery solutions for businesses. The company’s Managed Messaging Services ensure the integrity of emails and instant messages (IMs), simplify the discovery process, and help companies protect themselves against the risk and expense of lost or misplaced electronic messages.

Buy -
DESCRIPTION

Sofina SA is a family controlled, publicly traded investment firm focused on making long-term, direct minority investments in leading companies, investing in third party growth and venture funds, and providing equity investments in fast growing companies. The Firm's direct investment group will consider opportunities throughout Europe where it can commit €100 to €300 million per transaction in companies valued up to €4.5 billion. Sofina SA dates back to 1898 and is headquartered in Brussels.


DEAL STATS #
Overall 6 of 31
Sector (E-Commerce) 1 of 4
Type (Growth Capital) 1 of 13
Country (France) 3 of 10
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 M. Chapoutier

Tain I Hermitage, France

M. Chapoutier is a wine producer in the Rhone Valley. M. Chapoutier was founded in 1808 and is based in Tain I Hermitage, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Petit Forestier

Villepinte, France

Petit Forestier is a provider of rental services in the field of refrigeration and commercializes a multi-product range that includes the rental of refrigerated vehicles, cabinets, and containers. Petit Forestier was founded in 1907 and is based in Villepinte, France.

Buy -