Tikehau-backed Oodrive acquires Orphea

Through the acquisition, Oodrive expects to strengthen and expand its offerings to meet market demands for digital asset management services.

The company is backed by private equity firms Tikehau Capital, MI3 and NextStage, which invested in March 2017.

Previous funding
In 2008, Iris Capital injected €4m into Oodrive's first round of institutional funding. Business angels had previously backed the business.

Time Equity Partners orchestrated a €7.5m expansion round in April 2011, planning to invest €3.5m initially, and €4m later on to finance acquisitions.

In May 2013, R Capital Management led the management buyout of Oodrive for an undisclosed amount, with previous investor Iris selling its stake in the transaction.

Tikehau led a €65m round for Oodrive in March 2017. Other investors in the round included NextStage and Mi3 Venture Partners. According to the GP, the investment was the largest ever completed by a French non-listed management software company.

Time for Growth (previously known as Time Equity Partners) and Keensight Capital, which had respectively backed the group in 2011 and 2013, fully exited the group in the 2017 buyout, while its three co-founders, Stanislas de Rémur, Edouard de Rémur and Cédric Mermilliod, retained their majority stake.

Tikehau invested from its own balance sheet as well as through the Novi I fund – a specialised loan vehicle launched in July 2015.

Company
Founded in 1997 and headquartered in Paris, Orphea offers multimedia content management through digital photo and media centres. The firm operates offices in Paris, Grenoble, Milan, London and Dubai, and services 150 customers.

People
Oodrive – Stanislas de Remur (CEO).
Orphea – Arnaud Barbotin (managing director).

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• Portfolio management
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• France
• Tikehau Capital
• NextStage