TIME Equity Partners armed with EUR100m

Fund

Newcomer TIME Equity Partners is setting off with a war chest of EUR100m. The investor has already been allocated EUR50m by investors with another EUR50m to be drawn down within the next couple of years. TIME will then seek to raise another EUR100m from new and existing investors by 2010. It is undecided whether the future funds will be put in a separate fund or added to the current one. TIME Equity Partners is owned 50% by its three partners and 50% by Yam Invest, a Dutch investment house.

Investors

The EUR100m fund was allocated by Yam Invest. Yam, managed by Arnaud de Menibus, is the joint investment vehicle of four entrepreneurs: de Menibus of Asset and Equities, Carlos Acutti of Vittoria Assicurazione, and two other Italian entrepreneurs.

Investments

TIME stands for Telecom, Internet, Media and Entertainment, which indicates the sectors to which TIME Equity Partners will seek to allocate their funds. They will invest straight equity tickets of EUR5-15m in high growth companies that have a turnover of more than EUR10m, for stakes of between 20%-60%. TIME plans to invest around EUR20m of the fund before the end of 2009 and EUR50m by the end of the following year. Although the fund has a pan-European scope, TIME expects to make the majority of its investments in France in the short term.

People

The fund will be managed by its three partners: Henri de Bodinat, the company president, Jean-Luc Cyrot and a third partner who has not yet been announced.

Name: TIME Equity Partners

Target: EUR100m

Focus: Expansion

Contact: Henri de Bodinat

Address: 121, Av des Champs Elyees

75008 Paris

Tel: +33 1 72 71 85 23

Advisers: Cleary Gottlieb Steen & Hamilton (Legal).

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