
Ixo, BPI invest €5m in i-Run
Ixo Private Equity and BPI France have injected €5m into i-Run, a French online retailer of running and fitness clothing.
The company hired Capitalmind as its corporate finance adviser, which then approached Ixo and BPI to strike a deal.
The €5m equity injection by BPI and Ixo has been accompanied by a debt facility provided by Crédit Mutuel and BNP Paribas.
Company
Founded in 2006 and headquartered in Saint Alban near Toulouse, i-Run is an online retailer of sportswear, particularly shoes and clothing for running and trail-walking.
Brands sold by the company include Adidas, Nike, Reebok and Puma. The company generates €30m in revenues and employs around 40 staff.
People
Ixo partner Jean-Luc Rivière and associate Rémi Chériaux worked on the deal alongside BPI investment director Christine Busque.
Advisers
Equity – Fidal, Mathieu Aurignac, Amandine Gallard (Legal); KPMG, Béatrice Charlas, Rémi Dufetel (Tax); Aquitem, Agnès Passault, Marie-France Blanco (IT due diligence); Morelle & Bardou - Cabinet Plasseraud, Jacques Bardou (IP due diligence); Assurinco, Stéphane Juan (Insurance due diligence).
Company – Capitalmind, Jean-Arthur Dattée, Thibault Laroche-Joubert, Patrick Atzel, Raphaël Marteau (Corporate finance); Altij, Patrick Nadrault, France Charruyer (Legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater