Palo Alto, California, United States
V2 FCPR acting through its management company VPSA has completed the sale of its portfolio of companies to TempoVest Fund II LP; a Delaware limited partnership, advised by Tempo Capital Partners ("Tempo"), and capitalized by HarbourVest Partners. The complex sale for an undisclosed price included a portfolio of 14 companies, situated in nine different countries, including OneAccess Networks, TES Electronic Solutions (formerly Thales Electronic Solutions), Webify, Neophotonics, and Infusio.
Philippe Charquet, former President of VPSA, has joined Tempo as a Managing Partner and will play a leading role in managing the assets of TempoVest Fund II LP.
Tempo is a London-based specialist investment advisory firm which acquires manages and realizes portfolios of venture capital investments. Tempo is investment adviser currently to a number of funds established in conjunction with leading fund-of-funds firms to acquire venture portfolios in the secondary market. With aggregate capital commitments to these funds amounting to some EUR 200MM and some 50 investments overall, Tempo is now a leader in its field in Europe.
VPSA (formerly Viventures Partners SA) was previously the venture capital and private equity division of Vivendi Universal. Based in Paris, France and Palo Alto, California, VPSA has managed committed capital exceeding USD 500MM and investments in over 50 technology, media, and telecom companies.
VPSA was advised by SJ Berwin, Morrison & Foerster, and Campbell Lutyens, and Tempo Capital Partners was advised by CMS Cameron McKenna.
CONTACT: VPSA Akhil Suri +33 1 5357 7700 www.vpsa.com or Tempo Capital Partners David Tate + 44 20 7255 7510 www.tempo-cap.com
Source: Business Wire (Business Wire India)