SG Asset Management acquires Kangaroo Village

French early-stage investor SG Asset Management (SGAM) has acquired the incubator, Kangaroo Village, and its portfolio. The cost of the transaction has not been disclosed, but was carried out via SGAMÂ’s fund for restructurings, Next World. The founders of Kangaroo Village, including its CEO Philippe Hayat, will join SGAMÂ’s investment team, with whom they had, as Kangaroo Village, already collaborated on two deals.

Kangaroo Village was founded in February 2000 and has invested in companies such as Avivas, Cariocas, Guaranty City and Visual Friendly. The sale of Cariocas and Guaranty City had already provided exits for Kangaroo Village.

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