News

French retail funds: Is the model still viable?

France’s FCPI fund model is undergoing a needed evolution, with the market consolidating and regulation becoming more favourable – and these changes could be opening up a new avenue for direct secondaries. Ellie Pullen reports.

France’s FCPI and FIP* retail vehicles routinely face criticism surrounding fees and performance, and managers […]

August, 2014| Source: Unquote.com|

The allure of single asset secondary directs

“European technology companies are providing increasing opportunities for secondaries investors”, says Roland Dennert, a managing partner at Cipio Partners.

Europe is home to an enviable array of up-and-coming venture-backed technology firms with hot new concepts. However, these companies need to develop their businesses further than ever before in order to […]

July, 2014| Source: Secondaries Investor|

MyOptique Group serves its millionth customer and raises £16 million (€20m) to complete funding round

MyOptique Group, Europe’s leading online optical retailer, today announced it has secured £16 million (€20m) additional investment, bringing the total raised in its current Series C funding round to £35 million (€43m). At the same time it has posted its year end results, showing EBITDA profitability for the second […]

June, 2014| Source: Cipio News|

Cipio Partners promotes Christoph Wedegaertner to Partner

10 February 2014 – Cipio Partners, a European secondary direct investment firm, has announced the promotion of Christoph Wedegaertner to Partner.

Christoph joined Cipio Partners in 2005 prior to which he managed the private and public equity investment portfolio for BTV Group, one of Germany’s largest family offices. Christoph has more […]

February, 2014| Source: Cipio News|

European Single Secondary Direct Market valued at €1bn

3 February 2014 – The European single secondary direct market for technology firms has been valued at €1bn per annum, according to in-house research conducted by Cipio Partners. A total of 60 deals per annum were tracked in 2012 and 2013, representing over €600m in annual transaction value. An […]

February, 2014| Source: Cipio News|

Cipio Partners Q&A: venture direct secondaries

Cipio Partners managing director Roland Dennert talks to Kim Richters about what venture capital could gain from direct secondaries as a potential exit route.

 

Full text: www.unquote.com

December, 2013| Source: Unquote.com|

EVCA VC Forum: Secondary directs among key exit routes for technology companies

Secondary directs are now among the main exit routes for GPs alongside trade sales and IPOs, according to Cipio Partners managing partner Roland Dennert.

Holding periods for technology businesses have climbed to seven years on average from only three years over the past decade, Dennert said at EVCA’s Venture Capital Forum […]

November, 2013| Source: AltAssets|

Cipio Partners sells eMaze through MBO

Luxembourg – 7 October 2013 – Cipio Partners has exited its shares in Italian security services and software firm eMaze Networks SpA via a management buyout.

Cipio assumed a 99% shareholding position in eMaze when it acquired an investment portfolio from Alice Ventures, the venture capital arm of Mediobanca […]

October, 2013| Source: Cipio News|

Capital Creation niche secondaries panel debates “directs” strategy

17 September, 2013 – “Secondary directs bring higher returns, but it comes at a price,” according to Cipio Partners managing partner Roland Dennert, speaking at WBR Research’s Capital Creation conference held in Monte Carlo in September.

Dennert was featured alongside fellow speakers from Headway Capital Partners, Cubera, Omega Funds and […]

September, 2013| Source: Cipio News|

Roland Dennert featured in Private Equity International: Never-ending story

LPs need to be pushing harder to realise value from venture funds that are 10-12 years old, a report suggests – which may be good news for secondaries players. (…)

By James Taylor

Full text: www.privateequityinternational.com

September, 2013| Source: Private Equity International|