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Clipperton acted as sole financial advisor to Withings in structuring a $60 million growth equity financing round led by healthcare specialist fund Gilde Healthcare, Idinvest Partners and Bpifrance together with co-investors including BNP Paribas Développement, Oddo BHF Private Equity, Adelie Capital.

It is the third transaction advised by Clipperton after an investment in 2012 of $30 million led by BPI France, Idinvest Partners and 360 Capital Partners and a M&A deal in 2018 when Eric Careel chose to acquire Withings back from Nokia Health, having sold the business in 2017.