Ventech et al. in €6.5m round for Ad Valem Technologies

Ventech and A Plus Finance are believed to have contributed €3.5m and €2.85m respectively, with Ad Valem founder Marc Kapustin providing the remainder of the equity.

Global Equities Corporate Finance intermediated the fundraising process.

Ad Valem will use the fresh capital to develop its new broadcast centre with a view to expand internationally. It will also look to bolster its team by hiring a further 30 people within the next 12 months.

Company
Established in 2008, Ad Valem specialises in the broadcasting and management of audiovisual content via its fibre optics distribution solution. It targets TV networks and their service providers, as well as production companies, internet service providers and rights managers.

The Saint-Denis-based business employs 20 people and posted a €1.4m turnover in 2011, although that figure is now reportedly closer to double-digits.

People
Jean Bourcereau led the deal for Ventech. A Plus Finance was represented by Tuan Tran and Alice Besomi.

Advisers
Equity – Gide Loyrette Nouel, Pierre Karpik, Annabelle Raguenet de Saint Albin (Legal); Bonna & Auzas, Sigmund Briant (Legal); Grant Thorton, Thierry Dartus, Camille Burnand (Financial due diligence).
Company – Global Equities Corporate Finance, Guillaume Teboul, Matthieu Mora, Pascal Mercier (Corporate finance); SCP Martin-Pariot (Legal); Curtis Mallet-Prevost Colt & Mosle, Grégoire Andrieux (Legal); CMS Lefebvre, Edouard Milhac (Legal); Fidex Audit, Yves Marguerat (Legal).

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