R Capital et al. sells EVE to Synopsys

R Capital Management, Auriga, Omnes Capital and DFJ Esprit have all sold their stakes in the firm.

The acquisition will allow Synopsys to extend its offering in verification services.

R Capital is a growth investor sponsored by Rothschild and invests €5-20m in companies with a turnover of €10-100m. The GP also participates in syndicated rounds of up to €100m.

Previous funding
R Capital Management acquired EVE in 2004.

Company
Founded in 2002, EVE offers hardware-assisted verification solutions and verification engineering services. The firm's products and services accelerate the design of integrated circuits, used in the communications, wireless, networking, computer and consumer product markets.

Headquartered in Paris, it has offices in San Jose, Hillsboro, Austin, Boston, Tokyo, Seoul, Bangalore, Hsinchu, Tunis, Haifa, and Munich.

People
Jean-Michel Beghin is a managing director at R Capital.

Advisers
Vendor – Needham (Corporate finance).

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