NextStage sells Bewan for up to €12.5m
NextStage and Seventure have sold their holding in Bewan, IP and cable gateways specialist, to UK-based Pace, a digital TV technology company, for up to €12.5m.
The transaction will be completed in Q2 2010.
NextStage originally invested €5m, alongside Seventure Partners in October 2004, via its funds NextStage Entreprises FCPR I, FCPI NextStage Entreprises, FCPI NextStage Entreprises 2003.
Bewan specialises in secure network solutions through hardware such as modems and routers and technologies such xDSL, Cable, VoIP, Wi-Fi and PLC. The company targets private and office clients as well as supplying products to telecoms and internet operators. Paris-based Bewan was founded in 1996.
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