Peninsular backs NovaSparks MBO
Peninsular Capital has backed the MBO of NovaSparks, a French provider of ultra-low latency trading systems for the financial trading industry.
The GP will partner with NovaSparks CEO Luc Burgun to support his development plan, bolstering the company's penetration in a range of financial markets.
Company
Founded in 2008 and headquartered in Paris, NovaSparks is a field programmable gate array (FPGA) market data company. Led by Luc Burgun, it generates revenues of €4.3m, according to news portal CF News. The company has offices in Nantes and New York.
People
Peninsular Capital – Antoine Brousse (managing partner).
NovaSparks – Luc Burgun (CEO).
Advisers
Equity – Squareness, Antoine Sudérie (financial due diligence); Deprez Guignot & Associés, Grégoire Guignot (legal); De Guillenchmidt & Associés, Maxime de Guillenchmidt (legal).
Company – Moisand Boutin & Associés, Jean-Philippe Jacob, Maud Gendron (legal).
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