A digital economy partnership with Idinvest Partners
Corporate & other activities, Finance
Paris, October 24, 2013
As part of its innovation policy and strategy to develop its growing businesses, the Lagardère group is announcing an €11 million investment in a new venture capital fund launched by Idinvest Partners.
With more than €4 billion under management, today, Idinvest Partners is a European leader in financing and investment in newly-created or start-up companies, in the digital and new technologies sector (online services, media, mobiles, e-commerce, software, etc.).
This new fund, with a target investment capacity of €100 million, will invest primarily in the European digital economy.
Through this investment, alongside other financial investors, the Lagardère group is forging a genuine partnership with Idinvest Partners, which will bring its experience as an investor in digital economy, and will benefit from the professional expertise of the Group’s four divisions (Lagardère Publishing, Lagardère Active, Lagardère Services, Lagardère Unlimited) in order to identify and analyse potential targets.
This partnership will afford Lagardère a capacity of monitoring and anticipation of the most innovative technologies, uses and business models, enabling the Group to forge partnerships with start-ups and explore new opportunities within its existing businesses, as well as in related or complementary sectors.
Lagardère is a pure media group (Book and e-Publishing; Press, Audiovisual, Digital and Advertising Sales Brokerage; Travel Retail and Distribution; Sports and Entertainment) and is among the world leaders in the sector.
Lagardère shares are listed on Euronext Paris.
Some of the statements contained in this document are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management's beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or future events to differ materially from those expressed or implied in such statements.
Please refer to the most recent Reference Document (Document de référence) filed by Lagardère SCA with the French Autorité des marchés financiers for additional information in relation to such factors, risks and uncertainties.
Lagardère SCA has no intention and is under no obligation to update or review the forward-looking statements referred to above. Consequently Lagardère SCA accepts no liability for any consequences arising from the use of any of the above statements.
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