Seventure sells MinuteBuzz shares to TF1

Although TF1 will have some say on MinuteBuzz's content, the group said its new acquisition would still largely remain mostly autonomous.

Although Seventure's holding period was relatively short, TF1's bid offered "interesting enough" returns to consider the exit, a source familiar with the matter told unquote".

While the merger will widen MinuteBuzz's outreach, it will help TF1 target new audience segments, particularly so-called 'millenials'. It is also hoped the acquisition will unlock editorial and commercial synergies between the two groups. 

Previous funding
In August 2014, Seventure acquired a minority stake in MinuteBuzz through a €1m round of early-stage funding.

Company
Launched in November 2010 and often described as the French BuzzFeed, MinuteBuzz is an entertainment media company targeting people aged 18-36 with online news content.

The company is based in Paris and counted 25 employees as of August 2014. It forecasts turnover close to the €5m mark for 2016.

People
Seventure Partners – David Manjarres (investment director.) 

Advisers
Acquirer – Taj, Jérôme Gertler, Eric Hickel (legal).
Vendor – Raphaël Financial Advisory, Benoît O'Mahony, Thibaut Danglas (corporate finance); Fidufrance Avocats, Denys Angeloglou, Sophie Viller (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• France
• Consumer
• Trade sale
• France
• Seventure (SPEF)