Virgin Mobile Latin American secures new funding and new investors for expansion

April, 2012. ePlanet Capital portfolio company Virgin Mobile Latin America (“VMLA”), a Mobile Virtual Network Operator (MVNO) targeting Latin America, has secured USD 26.5 million of new equity funding to further develop its regional business and to launch services in Chile. VMLA is a telecommunications opera... Read more »

Virgin Mobile Latin American secures new funding and new investors for expansion

April, 2012. ePlanet Capital portfolio company Virgin Mobile Latin America (“VMLA”), a Mobile Virtual Network Operator (MVNO) targeting Latin America, has secured USD 26.5 million of new equity funding to further develop its regional business and to launch services in Chile.

VMLA is a telecommunications operator established a little over a year ago to offer new products and services to over 450 million consumers across Latin America under the Virgin brand. VMLA is currently developing operations in several countries throughout the region in cooperation with local partners, regulators, and Mobile Network Operators. In addition to the recent launch of Virgin Mobile Chile, VMLA has targeted the launch of operations in 7 further markets, including Colombia, Brazil, Argentina, and Mexico. VMLA will deliver new services and value to its customers by creatively packaging products specifically targeting the needs of the youth market segment, Virgin Mobile’s natural audience.

The new funding for VMLA consists of equity from existing shareholders, including the Virgin Group and ePlanet Capital, and from several new investors including Hermes Growth Partners (“HGP”), CANEPA and Souter Investments.

Juan Villalonga, former Chairman and CEO of Telefonica S.A., is co-founder of HGP and has joined the VMLA Board of Directors with immediate effect.

Souter Investments is the private investment vehicle of Sir Brian Souter, founder of Stagecoach Group. This significant new funding is a vote of confidence from international investors in VMLA as well as for the future growth outlook of the region’s mobile telecommunications sector.

Asad Jamal, Founder and Chairman of ePlanet commented, “As one of the first institutional investors in VMLA, we are delighted with the company's progress. In a relatively short time the company has penetrated several markets and is poised to become the number one mobile virtual network operator (MVNO) in the region. We have worked with the founders and management team for a long time in other projects and look forward to this next phase in the company's growth.” 

Commenting on the new funding, Phil Wallace, Chairman & co-Founder of VMLA, said; “Virgin Mobile Latin America is just beginning its expansion across the region. We are making rapid progress and I expect millions of consumers in Latin America will be enjoying the benefits of Virgin Mobile’s tailored offerings in the future. The new funding from this very distinguished group of investors supports VMLA’s vision of establishing a multi-market regional footprint”. 

 

About VMLA

Virgin Mobile Latin America (VMLA) is a mobile virtual network operator

(MVNO) that intends to expand the world-class Virgin Mobile brand

throughout Latin America, joining a growing network of Virgin Mobile

operations in seven countries (Australia, Canada, France, India, South

Africa, UK and the USA) serving 15 million mobile subscribers. VMLA’s

management and shareholders include some of the wireless industry's most

experienced teams with an impressive track record of success in the MVNO

business.


About ePlanet

ePlanet Capital (http://www.eplanetcapital.com/), founded by Mr. Jamal, is

the first venture/growth capital firm to utilize a global model with offices in

Asia, Europe and the United States. ePlanet was awarded the Asia VC of the

Year 2009, the China Exit of the Year award for the No. 1 search engine

Baidu’s IPO in 2005 and the Europe Exit of the Year award for the No.1 VoIP

Company Skype in 2005. ePlanet has been consistently ranked amongst the

Top 20 venture capital firms by FORBES for 2007 – 09 and has also been

called the ‘Pioneer of Global Venture Capital’ by FORBES in 2007. ePlanet’s

portfolio companies have achieved a market cap in excess of $50 billion, and

ePlanet’s funds are considered amongst the most successful in their

vintages. 

 

About the Virgin Group

About Virgin Group: Virgin is a leading international investment group and

one of the world's most recognised and respected brands. Conceived in 1970

by Sir Richard Branson, the Virgin Group has gone on to grow successful

businesses in sectors ranging from mobile telephony, travel, financial

services, leisure, music, holidays and health & wellness. Virgin has created

more than 400 branded companies worldwide and employs approximately

50,000 people, in 34 countries. Global branded revenues in 2011 were

£13bn ($21bn).


About CANEPA and Hermes Growth Partners

CANEPA and Hermes Growth Partners manage and advise the CANEPA

Global TMT Fund, seeking to invest $10m-$50m into each situation. CANEPA

is a privately held firm that builds and operates investment platforms around

global growth themes. Hermes Growth Partners is a private equity advisory

firm that focuses on growth-stage companies in the telecom, media and

technology (TMT) sectors globally. The firm’s primary objective is to help

high-potential TMT companies drive growth and create value through a

combination of long-term capital and operational expertise. 

 

About Souter Investments

Souter Investments is the private investment office of Sir Brian Souter, the

joint founder and chief executive of transport giant Stagecoach Group. It

makes investments in quoted, markets, fund investments and unquoted

private companies and holds a wide ranging portfolio of assets valued in

excess of £400m. Significant investments include Sunseeker, the luxury

motor yacht manufacturer, UK insurer esure and price comparison site

gocompare.com, biodiesel manufacturer Argent Energy and bus and coach

builder Alexander Dennis. In addition, Souter Investments holds stakes in

public transport businesses Istanbul Deniz Otobusleri, PolskiBus.com, Mana

Coach Services, Howick and Eastern Buses and Fullers Group.

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ePlanet News

MEDIAN Technologies Joins Forces with Quintiles to Provide World-Class Clinical Trial Imaging Services

To improve the assessment of how cancer patients are responding to investigational therapies in clinical trials, MEDIAN Technologies (ALMDT) today announced a strategic agreement with Quintiles to offer advanced integrated image services to biopharmaceutical customers worldwide. The agreement with Median, a leading se... Read more »

MEDIAN Technologies Joins Forces with Quintiles to Provide World-Class Clinical Trial Imaging Services

To improve the assessment of how cancer patients are responding to investigational therapies in clinical trials, MEDIAN Technologies (ALMDT) today announced a strategic agreement with Quintiles to offer advanced integrated image services to biopharmaceutical customers worldwide.

The agreement with Median, a leading services provider for image interpretation and management in oncology clinical trials, is designed to further strengthen Quintiles’ full range of services to accelerate oncology drug development.   With Quintiles, the world’s leading biopharmaceutical services provider, as its partner, Median can extend the reach of its technologies in the clinical development field to benefit customers globally.

 “This collaboration will result in better quality of data, increased awareness for biopharma for go/no-go decisions along the drug development stages, and ultimately more robust regulatory submission to health agencies,” said MEDIAN Chief Executive Officer Fredrik Brag.

Under terms of the agreement, Quintiles will have the potential to be awarded warrants, which if exercised could amount to up to a 15% equity position in the company.

Anne Pilling, Vice President, Quintiles Oncology Therapeutic Delivery Unit, said:  “This partnership complements Quintiles’ current portfolio of imaging solutions and provides further proof of our commitment to provide biopharma and healthcare service providers with the tools, expertise and services needed to increase productivity and better the lives of patients.”

Images are essential in clinical trials and are used at all steps of cancer care, from patient diagnosis to monitoring. In clinical trials, they provide a critical indication of patient response to treatment of new candidate drug and are used as input for new drug and therapeutic schemes registration.  MEDIAN’s solution addresses two critical imaging challenges: data variability amongst readers and efficient management of the imaging data workflow.

 

 

About Quintiles: Quintiles is the only fully integrated biopharmaceutical services company offering clinical, commercial, consulting and capital solutions worldwide. The Quintiles network of more than 20,000 engaged professionals in 60 countries works with an unwavering commitment to patients, safety and ethics. Quintiles helps biopharmaceutical companies navigate risk and seize opportunities in an environment where change is constant. For more information, please visit www.quintiles.com

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ePlanet News

Deloitte ranks Silicon Mitus as second fastest growing TMT company in Asia in 2011

December, 2011: This year’s fastest growing company is The store Corporation (Yihaodian) from China. The Store Corporation is a fast-growing eCommerce company in China that provides customers with a one-stop shopping platform where customers can buy all their essential daily items at competitive prices. Sin... Read more »

Deloitte ranks Silicon Mitus as second fastest growing TMT company in Asia in 2011

December, 2011: This year’s fastest growing company is The store Corporation (Yihaodian) from China. The Store Corporation is a fast-growing eCommerce company in China that provides customers with a one-stop shopping platform where customers can buy all their essential daily items at competitive prices. Since its launch, Yihaodian has achieved a significant position in online grocery sales. The company was founded in 2005, and has grown an incredible 19,218 percent over the last three years. 

Top ten ranked companies at a glance

This year the growth of the Top ten companies was higher than 2010, ( 6,949 percent, compared to 6,300 percent in 2010). China and Taiwan contribute a total of five companies to the top ten, a drop from four in 2010, two of which, including the overall winner are internet companies. New Zealand and South Korea contribute two companies each to the top ten and one Japan Biotech company makes the top ten. As in the three previous years, Internet and Semiconductor, Components and Electronics industry sectors dominate the top ten list.

# Company Name Location Industry Sector %3yr growth
1 The store Corporation China Internet 19217.975
2 Silicon Mitus Inc South Korea Semiconductor, Components and Electronics 9335.656
3 Tendyron Corporation China Software 9150.048
4 Jiaxing Mbaobao Network Technology Co Ltd China Internet 6287.870
5 Giga Solar Materials Taiwan Semiconductor, components & Electronics 5560.335
6 Powershop NZ Ltd New Zealand Internet 5280.410
7 Two Degrees Mobile Ltd New Zealand Telecommunications/Networking 3761.766
8 Brightek Optoelectronic Co Ltd Taiwan Semiconductor, Components and Electronics 3754.886
9 3-D Matrix Ltd Japan Biotechnology/Pharmaceutical/Medical Equipment 3582.951
10 Sinsung Solar Energy Corp South Korea Green Technology 3560.124

 

Key ranking statistics & trends

Growth of the top ten companies this year was higher than 2010, with a combined three-year revenue growth of 6,949 percent, compared to 6,300 percent in 2010. And overall, across the entire 500 high-growth companies, the year still showed almost 476 percent, a considerable increase en masse on 2010’s 374 percent and 2009’s 361 percent.

Ranked companies by revenue growth Three year % growth
Top 5 9910
Top 10 6,949
Top 50 2,657
Top 100 1,640
Top 500 476

 

This year, the Semiconductors, Components and Electronics sector showed that there is still a lot of life in the most basic tech disciplines. The sector topped the list of the number of high-growth companies by industry sector with 166 entries, more than doubling that of 2010 (77) and 2009 (76). The Internet sector also had a strong showing with 92 companies, substantially ahead of the number in 2010 (75), as well as producing this year’s overall highest-growth company, The Store Corporation (Yihaodian) from China. Software, however—the dominant sector in the regional rankings for the past five years—slipped back to third place with just 87 companies, down from 145 in 2010, which itself was a falloff from 163 in 2009.

Ranked companies represented by industry sector Number of companies No. as %
Semiconductors, Components and Electronics 166 33%
Internet 92 19%
Software 87 17%
Telecommunications and Networking 57 12%
Biotech, Pharmaceutical and Medical Equipment 27 5%
Media and Entertainment 27 5%
Computers and Peripherals 24 5%
Green Technology 20 4%

 

China has seen its lead in the Fast 500 ranking slip this year, yielding place to South Korea and Taiwan. Indeed, Taiwan has regained the lead it held in the previous decade, with 133 contributions versus last year’s 86. South Korea, meanwhile, has leapfrogged from last year’s low total of 46 new high-growth companies to 96. China now stands in third place with 86 companies for the year.

Ranked companies represented by location Number of companies
Taiwan 133
South Korea 96
China 86
Australia 53
India 43
New Zealand 37
Japan 34
Singapore 13
Malaysia 5

 

Unsurprisingly, this crisis year brought little change to the now-familiar pattern of most high-growth companies being concentrated at the small enterprise and lower end of the mid-market levels. Indeed, the proportion with annual revenues of less than USD10 million actually increased, at 207 versus 175 in 2010. Virtually every other revenue band showed a pullback since 2010, with only one marginal exception: the over USD1 billion in revenue top end, which rose to eight companies from seven in 2010.

Ranked company revenue breakdown in USD  
Over 1 billion 8
100m-1billion 77
50m-100million 44
10m-50million 164
Under 10million 207

 

This year saw a slight pullback in the number of private high-growth companies and a slight increase in the number of publicly listed ones, compared to 2010. In fact, the relative proportions are now back to the same levels as in 2009.

Ranked companies represented as Public versus Private Number of companies
 

2011

2010

2009

Public

209

202

209

Private

291

298

291

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Portfolio Company News

ePlanet Capital Sells Biancamed Ltd to ResMed Inc.

ePlanet Capital announced on 6 July 2011 that BiancaMed Ltd, a DFJ ePlanet Ventures I L.P investment and leading Irish medical technology company, has been acquired by ResMed Inc. (NYSE: RMD and ASX:RMD), a leading developer, manufacturer and distributor of medical equipment for treating, diagnosing and managing sleep-... Read more »

ePlanet Capital Sells Biancamed Ltd to ResMed Inc.

ePlanet Capital announced on 6 July 2011 that BiancaMed Ltd, a DFJ ePlanet Ventures I L.P investment and leading Irish medical technology company, has been acquired by ResMed Inc. (NYSE: RMD and ASX:RMD), a leading developer, manufacturer and distributor of medical equipment for treating, diagnosing and managing sleep-disordered breathing and other respiratory disorders. ResMed purchased all of BiancaMed’s outstanding shares with cash. 

BiancaMed has developed and is marketing a novel, convenient, non-contact device to monitor sleep and breathing in the home and hospital. BiancaMed’s SleepMinder™ is an accurate, touch-free device that measures sleep and breathing with sophisticated biometric software. The core of BiancaMed’s proprietary technology is a motion sensor that can detect respiration and movement without physical contact with the human body. The company is developing a number of other applications for the technology, across a range of medical and consumer settings and will become a part of ResMed’s newly-created Ventures and Initiatives unit. 

“We are committed to innovation in sleep and respiratory medicine and the related co-morbidities by commercializing products incorporating novel technologies,” commented Dr. Peter Farrell, ResMed’s chairman and chief executive officer. “We have worked closely with BiancaMed for many years and have been investors since their inception in 2003. BiancaMed has exciting technology and a world-class team. We believe there are many opportunities for BiancaMed’s applications that will provide future growth, and we look forward to maintaining and building the BiancaMed team.” 

Welcoming this announcement, Dr. Conor Hanley, BiancaMed’s chief executive officer, said, “This acquisition will broaden the use of BiancaMed’s unique technology and build on BianceMed’s momentum. As part of ResMed, we will continue to support our existing customers. The successful completion of this transaction was attributable to the dedication and talent of the BiancaMed team and the invaluable support received from all our investors and shareholders.” 

As the largest investor in BiancaMed, ePlanet Capital will see a significant return on its investment in and support of BiancaMed. Dennis Atkinson, Managing Partner of ePlanet Capital, said, “We are proud of the achievements of the BiancaMed team and believe this acquisition is testament to both the unique and powerful technology and the strength and commitment of the team. ResMed will be an excellent home for the next phase of BiancaMed’s growth.” 

JC Kyrillos, President of ResMed Ventures and Initiatives, stated, “In May of this year, we created ResMed Ventures and Initiatives to focus on opportunities in chronic disease states related to sleep-disordered breathing and other market opportunities. BiancaMed represents the type of investment we are pursuing, because it has current applications in our core sleep market, and several potential future applications in chronic diseases such as heart failure and chronic obstructive pulmonary disease.” 

About BiancaMed 

BiancaMed, a University College Dublin spin-out company, was co-founded in 2003 by Dr. Philip de Chazal, Dr. Conor Hanley and Professor Conor Heneghan to commercialize research undertaken in University College Dublin’s School of Electrical, Electronic and Mechanical Engineering. BiancaMed is headquartered in NovaUCD, the Innovation and Technology Transfer Centre, and currently employs 29 people. ResMed plans to retain BiancaMed’s employees, and the office in Dublin will remain active. For more information, visit biancamed.com. 

About ePlanet Capital 

ePlanet Capital, founded by Asad Jamal, is the first venture/growth capital firm to utilize a global model with offices in Asia, Europe and the United States. ePlanet pioneered venture capital investing in non-U.S. markets, including Europe and China, Korea and India. Since then, ePlanet has developed a successful track record in making growth and venture investments on a global basis, with a particular focus on emerging markets and Asia. ePlanet was awarded the Asia VC of the Year 2009, the China Exit of the Year award for the No. 1 search engine Baidu’s IPO in 2005 and the Europe Exit of the Year award for the No.1 VoIP Company Skype in 2005. ePlanet has been consistently ranked amongst the Top 20 venture capital firms by FORBES for 2007–2009 and has also been called the ‘Pioneer of Global Venture Capital’ by FORBES in 2007. ePlanet’s portfolio companies have achieved a market cap in excess of $50 billion, and ePlanet’s funds are considered amongst the most successful in their vintages. For more information, visit eplanetcapital.com 

About ResMed 

ResMed is a leading developer, manufacturer, and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. We are dedicated to developing innovative products to improve the lives of those who suffer from these conditions and to increasing awareness among patients and healthcare professionals of the potentially serious health consequences of untreated sleep-disordered breathing. For more information, visit www.resmed.com.

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ePlanet News

ePlanet announces strategic partnership between Tribe Mobile and the Virgin Group

10 June, 2011 ePlanet Capital announced today that its portfolio company, Tribe Mobile has recently entered into a strategic partnership with the Virgin Group to launch Virgin branded mobile virtual network operator (MVNO) in the Latin American region. (1) Virgin Mobile branded businesses already operate in seven cou... Read more »

ePlanet announces strategic partnership between Tribe Mobile and the Virgin Group

10 June, 2011

ePlanet Capital announced today that its portfolio company, Tribe Mobile has recently entered into a strategic partnership with the Virgin Group to launch Virgin branded mobile virtual network operator (MVNO) in the Latin American region. (1)

Virgin Mobile branded businesses already operate in seven countries around the world, including Australia, Canada, France, India, South Africa, UK and the USA, serving approximately 15 million mobile subscribers. With Tribe Mobile’s expertise in the Latin American region, the partnership will create the first pan-regional MVNO, with an initial target of eight countries. The partnership plans to invest around $300 million in the region over the next five years. 

Sir Richard Branson, founder of Virgin, says “We are excited by the opportunity to launch the Virgin brand in Latin America for the first time. Latin America’s mobile telecom consumers will benefit from Virgin’s entry into their markets to provide our exciting customer focused product offering, wide range of great services, transparent pricing and value for money. We look forward to launching our first businesses within the next 12 to 15 months." (1)

According to industry experts, the MVNO market is set to grow rapidly in Latin America as the region’s mobile market matures, new regulations are introduced and network operators become open to the MVNO business model. Informa Telecoms & Media reported that MVNO subscriptions in Latin America will grow at a CAGR of 28% to 6.6 million by 2013. (2) Commenting on the potential of the region, Tribe Mobile CoFounders, Jay Metcalfe, Peter Langkilde and Phil Wallace stated: “Latin American consumers have proven to be avid mobile users from the early days of mobile telephony and continue to be so. More than in any other region, wireless has replaced fixed line service for consumer use and the region is ripe for new options that can either attract new customers or focus on special consumer segments.” 

Along with ePlanet Capital, the partnership is backed by Dolphin International, an Omani diversified holdings company. Commenting on the occasion, Asad Jamal, Chairman and Founder of ePlanet Capital, said, “We have long believed in the potential of the Latin American MVNO market. Our investment in Tribe Mobile, was one of the first international venture/growth capital investment for the industry in the region. We believe that the current partnership between the Virgin Group and Tribe Mobile will create an industry leader in this fast growing market. ePlanet will continue to support this initiative as it grows and expands operations in the region.” 

The founding shareholders of Tribe Mobile are Jay Metcalfe,Peter Langkilde and Phil Wallace. Jay Metcalfe, formerly CEO of Millicom International, has been involved in many mobile telephone businesses in Asia, Latin America, Europe and Africa. In Latin America he was active in the management of mobile operations in Bolivia, Chile, Colombia, El Salvador, Guatemala, Honduras, Mexico and Paraguay. Peter Langkilde, who is also the Chairman of FRiENDi GROUP, the leading MVNO in the Middle East that is one of ePlanet Capital’s other portfolio companies, started successful communications companies in the Middle East and Africa. Phil Wallace is the Chairman of Tribe Mobile and was formerly a senior executive at BellSouth and later became the President for BellSouth's operations in Europe, the Middle East and Asia Pacific. Phil also led the early development of BellSouth’s mobile business in Latin America. Peter Macnee is the President of Tribe Mobile and was formerly President of Millicom International’s business in EMEA overseeing the Company’s expansion and growth into Russia, the Baltic region and Africa.

 About the Virgin Group 

The Virgin Group is a leading international branded investment company and one of the world's most recognized and respected brands.  Conceived in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow successful businesses in sectors ranging from mobile telephony and media to transportation, travel, financial services, hotels, health and fitness, as well as renewable technologies and space tourism. Virgin has created more than 400 branded companies worldwide, employing approximately 50,000 people, in 29 countries.  Its Global branded revenues in 2010 exceeded £11.5 billion (approx. US$18.5 billion). 

About Tribe Mobile 

Tribe Mobile is an international wireless communications operating company.  Its founders and management represent one of the wireless industry's most experienced teams with an impressive track record of success in the MVNO business.  They established and continue to provide leadership for FRiENDi GROUP, the largest MVNO in the Middle East and North Africa region.  FRiENDi Group is based in Dubai and has operations in Oman, Jordan and Saudi Arabia, and plans to begin service in other countries in the region by 2012. 

About ePlanet Capital 

ePlanet Capital (http://www.eplanetcapital.com/), founded by Mr. Jamal, is the first venture/growth capital firm to utilize a global model with offices in Asia, Europe and the United States.  ePlanet pioneered venture capital investing in non-U.S. markets, including Europe and China, Korea and India. Since then, ePlanet has developed a successful track record in making growth and venture investments on a global basis, with a particular focus on emerging markets and Asia. ePlanet was awarded the Asia VC of the Year 2009, the China Exit of the Year award for the No. 1 search engine Baidu’s IPO in 2005 and the Europe Exit of the Year award for the No.1 VoIP Company Skype in 2005. ePlanet has been consistently ranked amongst the Top 20 venture capital firms by FORBES for 2007 – 09 and has also been called the ‘Pioneer of Global Venture Capital’ by FORBES in 2007. ePlanet’s portfolio companies have achieved a market cap in excess of $50 billion, and ePlanet’s funds are considered amongst the most successful in their vintages. 

About Dolphin International LLC 

Dolphin International LLC, a privately owned Omani company was established in 1985.  It is committed to provide a steady stream of income for shareholders through high standards of excellence, enriched relationships, and seamless execution of innovative ideas.  Dolphin International LLC takes pride in its diverse portfolio of investments in banking, infrastructure, education, healthcare, telecommunications, bio-technology, oil & gas, advertising, real estate, construction and surgical products.

[1] http://www.virgin.com/media-and-mobile/news/virgin-mobile-services-in-latin-america

[2] http://www.telecoms.com/20526/latin-fire-driving-regional-mvno-market/

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Portfolio Company News

Median Technologies lists on NYSE Euronext - Another exit for an ePlanet Capital portfolio company

Friday, May 20, 2011  Paris - NYSE Euronext today announced the listing of MEDIAN Technologies, a provider of software and services specialized in clinical and diagnostic applications that use medical imaging in oncology, on NYSE Alternext in Paris. Founded in 2002, MEDIAN Technologies is a software developer an... Read more »

Median Technologies lists on NYSE Euronext - Another exit for an ePlanet Capital portfolio company

Friday, May 20, 2011 

Paris - NYSE Euronext today announced the listing of MEDIAN Technologies, a provider of software and services specialized in clinical and diagnostic applications that use medical imaging in oncology, on NYSE Alternext in Paris.

Founded in 2002, MEDIAN Technologies is a software developer and service provider, specialized in clinical solutions that make use of medical imaging. Its applications help radiologists, oncologists, and more generally all specialists who prescribe radiological exams to read, detect, quantify and track test results. The company has a staff of 40, more than half of whom work in R&D, and has a subsidiary in the USA.

MEDIAN Technologies (ticker code: ALMDT) was listed through admission to trading of 5,588,838 existing shares including 1,239,356 new shares issued in a private offering to qualified investors. The total amount raised was €9.98 million.

The admission and issue price of MEDIAN Technologies shares was set at €8.05. Market capitalization stood at €45 million on the day of listing.

“We are very pleased to welcome MEDIAN Technologies to NYSE Alternext. MEDIAN Technologies is an innovative company that understands the pharmaceutical industry’s need for better diagnostics and tracking of patients with serious illnesses,” said Ronald Kent, Group Executive Vice President and head of international listings at NYSE Euronext. “By making the strategic decision to undertake an IPO, MEDIAN Technologies will increase its visibility and facilitate future growth.”

Fredrik Brag, Chairman and CEO of MEDIAN Technologies, added, “We have developed an innovative solution for oncology imaging analysis. The system is particularly well suited to resolving the issues encountered in clinical trials and has already been adopted by three of the largest pharma companies. The recent round of fundraising and today’s IPO will provide the necessary financing for the commercialization of our solutions and services and I wish to thank the investors who have provided us with their support.”

In six years, 165 companies from Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US have raised €2.4 billion on NYSE Alternext, half of this through secondary issues. Their combined market capitalization totals €5.6 billion.

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: www.nyx.com.

About MEDIAN Technologies

MEDIAN Technologies was founded in 2002 by Fredrik Brag (the current Chairman and CEO), Gérard Milhiet and Arnaud Butzbach. It is based at Sophia Antipolis (in the south of France) and has a subsidiary in the USA. The company currently has a staff of 40, over half of whom work in R&D.

MEDIAN Technologies offers solutions and services for diagnosing and monitoring cancer patients. It targets both the oncology clinical trials market (its prime market) and the patient care market.

MEDIAN Technologies collaborates with institutes at the cutting edge of medical imaging, including the French National Institute for Computer Science and Automation (INRIA), University of Chicago and the Swiss Federal Institute of Technology in Lausanne, Switzerland (EPFL). MEDIAN Technologies has been present in the market since 2007 through direct sales of its lesion management solutions and alliances with specialist cancer centers in Europe and the USA.

Since its incorporation, the company has raised about €16 million in three rounds of financing (in 2003, 2004 and 2006-07) with prestigious international investors, including Draper Fisher Jurvetson ePlanet Ventures (DFJ) (USA), Idinvest Partners / AGF Private Equity (France), Auriga Partners (France) and the University of Chicago Hospitals (USA). MEDIAN Technologies also benefited from €2.9 million in financial support awarded to its LESIO project by OSEO (the French state innovation agency) over the period 2008-10 and has been accredited as an "innovative company" by the agency. For more information about MEDIAN, please visit www.mediantechnologies.com.

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ePlanet News

FRiENDi GROUP secures new financing round

ePlanet Fund II portfolio company FRiENDi GROUP, the leading MVNO/B-brand provider in the MENA region, has secured USD 25 million of funding to accelerate future expansion plans across the Middle East, Africa and Asia region.  The new funding consists of USD 10 million equity from a combination of new and existin... Read more »

FRiENDi GROUP secures new financing round

ePlanet Fund II portfolio company FRiENDi GROUP, the leading MVNO/B-brand provider in the MENA region, has secured USD 25 million of funding to accelerate future expansion plans across the Middle East, Africa and Asia region. 

The new funding consists of USD 10 million equity from a combination of new and existing shareholders and an innovative USD 15 million structured debt facility provided by Standard Bank Plc. The USD 10 million equity element is being provided by existing FRiENDi GROUP shareholders, led by Dolphin International LLC of Oman, as well as by prominent new shareholder National Technology Enterprises Company (NTEC), the venture capital arm of Kuwait Investment Authority (KIA). The new funding for FRiENDi GROUP is seen as a vote of confidence from regional and international financial institutions and investors in the future of the region’s rapidly growing mobile telecommunications market. 

Commenting on the new funding, Mikkel Vinter CEO, FRiENDi GROUP said: “The new funding from distinguished financial institutions and investors is evidence that FRiENDi GROUP continues to break new ground in the region, and will allow the company to accelerate its growth trajectory and make further progress on delivering on the Group’s strategic vision. We are delighted at receiving the Standard Bank facility, which follows an exhaustive bankability review by Standard Bank of FRiENDi GROUP’S operations, business model and its future prospects.” He also added, “ePlanet has made a number of introductions to co-investors, companies and individuals in their network that have proved valuable to FRiENDi GROUP. ePlanet has also been closely involved in the negotiation and securing of the debt facility from Standard Bank, and we have benefitted from ePlanet senior team member’s investment banking experience. ePlanet has provided invaluable support regarding strategic and operational planning to both the FRiENDi GROUP and to our joint ventures in each of the countries in which we operate.’’ 

Asad Jamal, Founder and Chairman of ePlanet, Friendi Group's largest institutional shareholder said: “ePlanet is delighted to have NTEC join as a new shareholder and for Dolphin Group to increase its investment in the company. ePlanet's global investment focus allows us to see investment opportunities everywhere, and the wireless communications sector in the Middle East and Africa region remains one of the most exciting in the emerging markets with industry analysts predicting that, over the next five years, the region will experience the fastest growth in mobile data traffic in the world. FRiENDi GROUP's innovative and now proven business model, including a growing focus on mobile data, has allowed it to become one of the fastest growing telecom companies in the Middle East, and with the injection of new capital, we are confident that this growth can accelerate." 

Ashraf Hameedi, ePlanet Capital representative on the FRiENDi GROUP Board commented ”ePlanet is delighted to have assisted the company’s strong management team in achieving this important financing milestone. Emerging markets based expansion and growth stage companies face considerable challenges accessing domestic and international credit markets. As a pioneer of global venture, expansion and growth stage investing, ePlanet hopes that FRiENDi GROUP’s success in raising a senior secured term loan facility will inspire financial markets to more actively extend credit to such emerging markets companies."

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ePlanet News

eCommera boosts UK team after strong 3rd quarter

London, UK – 27th January, 2011 — eCommera, leading provider of intelligent ecommerce trading solutions, has today announced a solid close to its third fiscal quarter in 2010 with 102 percent growth achieved across its trading platform (year-on-year). Positioning to build on this success, eCommera also announced t... Read more »

eCommera boosts UK team after strong 3rd quarter

London, UK – 27th January, 2011 — eCommera, leading provider of intelligent ecommerce trading solutions, has today announced a solid close to its third fiscal quarter in 2010 with 102 percent growth achieved across its trading platform (year-on-year). Positioning to build on this success, eCommera also announced the appointment of Nick McLean as Director of Products and Marketing and Simon Niesler as Commercial Director. 

“We’re pleased to announce another strong quarter for eCommera,” said CEO Andrew McGregor. “The tremendous growth we’ve seen across our platform reflects the continuing market trend towards multi-channel shopping, which is still growing dramatically despite challenging economic conditions. Retailers are looking for partners like us who can help them capitalise on this change and make sense of all the associated technology and data. With our on-demand trading platform, depth of experience in the multi-channel trading environment and next generation predictive analytic tools, we offer retailers a compelling combination of speed to market, managed risk and trading insight.

 

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Portfolio Company News

ePlanet Ventures has changed name to ePlanet Capital

ePlanet Ventures has changed its name to ePlanet Capital. Company Founder and Chairman Asad Jamal explains: “The name change to ePlanet Capital reflects our evolution into a global growth and expansion stage investor with a focus on high-growth emerging markets. We believe that over the next decade, an unprecedented... Read more »

ePlanet Ventures has changed name to ePlanet Capital

ePlanet Ventures has changed its name to ePlanet Capital. Company Founder and Chairman Asad Jamal explains:

“The name change to ePlanet Capital reflects our evolution into a global growth and expansion stage investor with a focus on high-growth emerging markets. We believe that over the next decade, an unprecedented value creation opportunity exists in growth stage private-equity investing, particularly in China and India. ePlanet Capital will focus on this opportunity, and further enhance it through migration of disruptive innovation from US, Europe and Korea to the Asian emerging markets”.

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ePlanet News

Moreens ranked as 26th fastest growing Asia Pacific company by Deloitte

6 Dec 2010: Moreens was again selected as 26th fastest growing Asia Pacific company by Deloitte. Last year, Moreens was 10th fastest growing Asia Pacific company. For both years, Moreens is the fastest growing company in Korea with 1,039% growth. Please click here to access the full survey from Deloitte. Moreens co.,L... Read more »

Moreens ranked as 26th fastest growing Asia Pacific company by Deloitte

6 Dec 2010: Moreens was again selected as 26th fastest growing Asia Pacific company by Deloitte. Last year, Moreens was 10th fastest growing Asia Pacific company. For both years, Moreens is the fastest growing company in Korea with 1,039% growth. Please click here to access the full survey from Deloitte.

Moreens co.,Ltd is a Korea-based company mainly engaged in the manufactureand sale of touch panels for mobile phones. The company’s product portfolioconsists of windows all-in-one touch panels, plastic touch panels and glass touchpanels, which are mainly used in mobile phones, digital multimedia broadcasting(DMB) systems and navigation equipment.

 

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