Sofinnova Partners exits BlueKiwi

The deal value remains undisclosed but is believed to be significantly less than €20m.
The acquisition of BlueKiwi expands Atos's service offering in the IT sector.

Previous funding
Sofinnova invested €4m in BlueKiwi in 2007. In 2009, the private equity firm injected a further €1.7m in the company as part of a €4.7m series-B funding round led by Dassault Sytèmes, a global 3D and PLM solutions company.

Company
Founded in 2006 and based in Paris, BlueKiwi is a cloud-computing social network software editor focused on communication in the work place. The company released a software in 2009 that aims to facilitate employee communication and boost ideas, skills and resources. The firm counts BNP Paribas and SFR among its 100 clients. In 2011, BlueKiwi reported a €5m turnover.

People
Olivier Sichel and Nicolas Autret led the deal for Sofinnova. Carlos Diaz and Christophe Routhieau are founders of BlueKiwi.

Advisers
Vendor – De Pardieu Brocas Maffei, Jean-François Pourdieu, Maxime Dequesne, Abir Mansour (Legal).
Acquirer – Baker & McKenzie, Alain Sauty de Chalon, Caroline Chevillard (Legal).

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