Ercom raises €12m to support its accelerating growth
Transaction managed by Clipperton Finance
Paris, May 11, 2009
Clipperton Finance, a leading European corporate finance boutique focused on the High Tech and Media industries, today announced the closing of a €12m capital raising for Ercom. Ercom designs and manufactures innovative solutions dedicated to the testing and securitization of telecommunication networks.
Alven Capital, Apicap and A Plus Finance participated in this round of financing and joined Capza, the historical investor. This funding will help the company accelerate the development of its core expertise, acquire technological bricks that had up to now been integrated, and intensify its international expansion, notably through the establishment of local client supports
Commenting on the transaction, Didier Pagnoux, CEO of Ercom, said: “2008′s technical and business successes were the first phase of Ercom’s strategic shift initiated in late 2007. While leveraging the technical expertise of the company by designing and manufacturing products, Ercom has created significant breakthroughs in its business environment. This capital increase will now enable the company to leverage this lead and enter a new phase of accelerating growth”.
Pierre Macquet, Ercom’s VP of Strategy added: “Working with Clipperton Finance was instrumental to the success of this financing round. Clipperton Finance has proved extremely valuable throughout the entire process, showing strong commitment and reactivity. Their practical approach and high execution standards meant we were able to close the round in the timeframe we wanted”
Nicolas von Bülow, Partner with Clipperton Finance and in charge of the transaction, commented the new financing: “Instrumental to the success of this transaction was the extremely and unusually – high technological expertise and Intellectual Property accumulated by Ercom and its teams. In a difficult economic environment, in particular for telecom equipment manufacturers, Ercom stood out as a technology leader in the buoyant environment of secure communications. I am confident that with this management team Ercom will be a hugely successful story for the group of investors that has decided to support the company”
For more information, please contact:
Ercom
Pierre Macquet, pierre.macquet@ercom.fr
Clipperton Finance
Nicolas von Bülow, Partner, nvonbulow@clipperton.net
Alexis Barba, Associate, abarba@clipperton.net
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.