SPAIN - Bertelsmann in series-C financing for BuyVip.com

BDMI joins 3i in becoming one of the main shareholders in the company, with each holding a 20% stake, while MCI is the htird reference shareholder and holds 10%. The remaining 50% stake is held by a shareholders’ group composed of the founding partners and investors including Valkiria Network International Grupo Intercom and the European Founders Fund.

Since its creation two years ago BuyVip has raised more than EUR 20m in funding, allowing it to establish itself and compete with its Spanish rival Privalia. The company has 100 employees and reported a turnover of EUR 5m in 2007, with this forecast to reach EUR 25m benchmark in 2008.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Southern Europe
• Consumer
• Media