Viventures sale receives regulatory approval

Vivendi Universal has received regulatory approval to complete the sale of its stake in Vivientures to Global Asset Capital and Hamilton Lane Advisors for EUR 9m. The two companies are to acquire Viventures Partners for an undisclosed consideration, in a deal which includes the 54 companies listed in ViventuresÂ’ portfolio. The transaction also includes the firmÂ’s $400m under management. The fund received a third of its capital from VivendiÂ’s internet arm VivendiNet, with around 30 other international limited partners making commitments to the fund, including RTL Group and Siemens Venture Capital. Established by Vivendi in 1998, Paris-based Viventures focuses on early-stage investments in the information technology and telecommunication sectors.

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