Sofinnova Partners has backed Paris-based specialised mobile phone producer Celsius with EUR 2.2m, in funding round raisinig a total of EUR 3.3m. AGF Private Equity provided EUR 500,000 while a number of private investors completed the funding with a EUR 600,000 investment.
EQT IX is expected to be 70-75% invested following the deal
Previous fund held a final close in 2012 with capital commitments of USD 840m
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
ECI bought the asset from Phoenix less than three years ago