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FRANCE - SGAM and Galileo invest EUR 4m in internet shoe retailer

Julien
29 August 2006

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Société Générale Asset Management (SGAM) and Galileo Partners have injected EUR 4m in e-commerce shoe retailer Sarenza.

This is the company’s second round of financing. In December 2005, Galileo and business angels had already committed EUR 2.5m. The current transaction was sourced through a Chausson-Finance-led auction. The new funds will help Sarenza towards its goal of becoming the European leader in its market.

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