TempoCap, a primary and secondaries investment firm, has acquired a portfolio of minority interests in French technology companies.
The London-headquartered firm bought stakes in 14 companies from Entrepreneur Venture Gestion, a French investment management company, according to a statement. It is understood the deal was worth between €20 million and €50 million.
TempoCap will invest further in the portfolio to support its growth and will co-manage it with EVG, TempoCap founder and managing partner Olav Ostin told Secondaries Investor.
Jasmin Capital advised on the deal.
The acquisition brings TempoCap’s total assets to 36 companies, according to the statement.
The firm was founded in 2006 and has €170 million in assets under management. It advises on direct investments in high-growth companies as well as portfolio acquisitions.