FRANCE - EdRIP backs BestofMedia with hybrid deal

EUR 6m in equity was raised in this deal, from management and from BestofMedia’s previous investors, most of which are business angels and other private individuals.

The investment horizon is shorter than usual for growth capital investments, with a trade sale to a large European media publisher, or an IPO expected within 24-36 months.

Based in Levallois-Perret, near Paris, BestofMedia is the publisher of several websites dedicated to providing information and advice to consumers about IT, video-games, and audio-visual equipment. Tom’s Hardware Guide operates on the same market, but mainly in the US and Germany. Its products are available in 12 languages. The newly-formed group, which generated a combined turnover of EUR 10m in 2006 and employs a total of around 100 staff, aims to create a Pan-European competitor capable of rivalling Cnet Networks.

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• Topics
• Expansion
• France
• Media