Turenne Capital exits Volfoni to trade

Turenne previously invested €2m for a minority stake back in 2011.

Luxin-Rio, a Chinese corporate based in Qingdao, wholly acquired the company. The corporate had already backed Volfoni in its early-stage development back in 2012, and it acquired 10% of the company in 2014.

On top of working in the digital cinema market, Volfoni will aim to  widen its presence in other 3D markets, including education, gaming and home entertainment.

Company
Volfoni, founded in 2007, is a 3D technology provider for the cinema industy. It distributes both active and passive 3D glasses. According to press reports, the company generated a €17m turnover in 2017.

Headquartered in Paris, the company has facilities in Europe, the US and Asia.

People
Turenne Capital – Charles-Henri Booter (investment director).
Volfoni – Thierry Henkinet (CEO).  
Shandong Luxin-Rio Visual Technology – Jiang Dong (CEO).

Advisers
Equity – Dentons (legal).
Vendor – Lincoln International, François Rispoli, Elliot Thiéblin (financial due diligence); Gaftarnik Le Douarin & Associés, Mickael Lévi, Sarah Mobtahij (legal).

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• Topics
• Exits
• France
• Technology
• France
• Turenne Capital Partenaires
• Trade sale
• Dentons
• Lincoln International