Xerox buys Impika from Siparex et al.

Xerox was already familiar with Impika, being the distributor of the company's products in Europe and more recently in emerging markets.

Turenne Capital Partenaires and Siparex Venture invested €5m in Impika in October 2004, acquiring a 49.7% stake in the company's first round of funding. Turenne Capital and Siparex acquired a 25.5% and 24.2% stake respectively.

XAnge injected €3m into Impika's second round of funding in 2007 via its FCPI funds.

Company
Founded in 2003, Impika has developed a portfolio of water-based inkjet presses based on a proprietary technology. Impika sells its products to print providers through a direct sales force and a global network of partners, including Xerox.

Aubagne-based Impika employs 55 staff.

People
Michel Faure and Thomas Delalande led the exit for Siparex. Hubert Michalowski and Marie Desportes represented Turenne. XAnge was represented by Inès Sen and Innovation.

Advisers
Vendors – Axten, Loic Pellegrino, Stéphanie Blengino, Christophe Lestraingan, Raphaelle Busser (Legal); Jones Day, Charles Gavoty, Geoffroy Pineau-Valencienne (Legal); Sequoia, Emmanuel Xerri (Corporate finance).
Acquirer – Bird & Bird, Arnaud Larrousse, Alexandra Stocki, Laurence Clot, Fabien Nahum, Sabine Patarin, Rebecca Feliman (Legal).

 

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• Topics
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• Trade sale