R Capital et al. back CommentCaMarche and Benchmark merger
R Capital Management, Time Investors and Idinvest have provided funding to finance the merger of French online media groups CommentCaMarche and Benchmark Group.
The pool of private equity investors provided CommentCaMarche with €27m to finance the acquisition, according to media reports. The transaction value was estimated to be around €60m, although this remains to be confirmed.
BNP Paribas and OBC will provide a debt package to leverage the deal; Oséo will also provide a grant to the newly constituted entity.
Founded in 1996, Benchmark Group is a Boulogne Billancourt-based digital media group. Operating the French social network "Copains d'avant" and a range of online publications attracting around 15 million unique visitors per month, it posted a €17m turnover for 2009. CommentCaMarche was established in 1999 on a similar concept; the new entity will employ 175 people and should rank within the top five French online publishers.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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