Onixxa (France) - Jan 2008

Sofimac Partners and CDC Entreprises have invested equally in a €2m first round of financing for Onixxa. Founder Phillippe Andrieu retains a majority stake in the company.

Company

Tours-based Onixxa was founded in 2003 and produces and sells health and beauty cosmetic textile products under the brand name Lytess. The clothing products will release cosmetic ingredients such as moisturiser when coming into contact with bare skin. The company will use the financing round for its expansion both in France and abroad. The company employs 25 people and recorded a turnover of €5m in 2007.

People

Catherine Kraft Le Marec worked on the deal for Sofimac and Nadia Sarri for CDC Entreprises. Phillippe Andrieu is the founder of Onixxa.

Advisers

Equity - RBA, Guy Brault (Financial Due Diligence)Equity - Rezeau Lamaze et Associés, Ambroise de Lamaze (Legal)

Sourced from: France unquote" 89 (Mar 2008)

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