DiBcom (France) - Dec 2007

unquote
01 December 2007

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Japanese investors NIF SMBC Ventures have led an expansion round for DiBcom. DiBcom has previously had five rounds of financing amounting to €60m. The last financing round totalling €20m was led by newcomer Natixis and a consortium consisting of 3i, Cipio Partners, Convergent Capital, Crédit Agricole Private Equity (CAPE), Intel Capital, Partech International, SGAM Alternative Investments (SGAM AI), WI Harper, and Taiwan-based semiconductor foundry UMC Capital. Management now retains less than 50% of the company.

Company

DiBcom, based in Palaiseau near Paris, was founded in June 2000. It specialises in hardware such as chipsets for the reception of digital TV in portable and mobile applications. DiBcom was the first company to target mobile-TV receivers using broadcasting technology and introduced the first mobile DVB-T receiver in 2002. In the past few months, the company has widened its range of products and has begun providing an integrated product which includes an RF tuner. The financing round will create new offerings, either internally, or via acquisitions or partnerships. The company will also use this latest investment to expand its international offices and well as R&D. The firm’s turnover, which stood at about €8m in 2004, hit €21.6m in 2006. DiBcom employs around 130 staff.

People

Yannick Lévy is the chief executive of DiBcom, Nicholas von Bülow worked on the deal for Clipperton Finance.

Advisers

Equity - Clipperton Finance, Nicolas von (Corporate Finance)

Sourced from: France unquote" 89 (Mar 2008)