China’s Luxury E-tailer Secoo Joins E-Commerce Battle With $100-Million US IPO

China’s leading luxury e-commerce company Secoo Holding officially went public on the U.S. Nasdaq Global Market on September 22. The company offered 8.5 million American Depositary Shares to the global investors, which were priced between $11.5 and $13.5, sending the listing’s valuation to around $640 million.

Though its specialization in the niche luxury business has made profitability a challenge for Secoo—at least for now—Christopher Beddor, the author of Reuters’ Breakingviews column, wrote that day that Secoo’s shares “may be a premium purchase.”

Beddor reasoned that Secoo is operating in China’s luxury market, which is burgeoning. Furthermore, major local competitors such as Alibaba Group and JD.com still have some prominent issues (counterfeits and a mass-market image, respectively) that prevent them from completely dominating the market. The local edge, thus, gives the company a relatively bright future.

More: https://jingdaily.com/luxury-etailer-secoo-ipo/

 

FreeWheel, owned by the US group Comcast, acquires StickyADS.tv

 

Paris, May 9 2016 – Ventech Capital F, investor in Stickyads since 2013 and board member, has actively supported the management in its international development.

Founded in 2009, StickyADS.tv is a multiscreen video adtech company. The company has developed a unique and proprietary programmatic solution dedicated to premium publishers to help them monetize their video inventory. StikcyADS.tv operates in France, Germany, Italy, UK, Spain and in the US.

The transaction generates a generous multiple for Ventech Capital F. This exit follows the recent acquisition of another Ventech portfolio company, Withings (leading company in Connected Health) by Nokia.

About Ventech
Ventech, one of Europe’s leading venture capital firms, invests through offices in Paris, Munich and Helsinki into high-growth companies with activities in the digital economy (internet, media, ecommerce, mobile, software and communications infrastructures). Ventech also runs a local team based in Shanghai which manages a dedicated regional fund while offering business development support in Asia for European portfolio companies.
With more than 650M€ raised since 1998, Ventech has invested in over 120 companies in Europe, China, Russia and in the US. In 2015, Ventech China announced the first closing of its new US$180m third fund.
Current active investments in Europe include successful high growth companies such as Augure, Believe Digital, Ogury, Picanova, Speexx, StickyADS.tv (recently acquired by Comcast), Unilend, Vestiaire Collective, Webedia or Withings (recently acquired by Nokia).
For more information, www.ventechvc.com

Withings to join Nokia to accelerate developments in Digital Health

Withings annonce aujourd’hui que Nokia projette d’acquérir Withings pour accélérer dans la Santé Digitale. En rejoignant Nokia, Withings renforcera considérablement sa position dans un marché mondial de la santé connectée en forte croissance. Avec Nokia, Withings est au cœur de cette révolution : Withings accéléra ses développements pour devenir le leader mondial de la santé connectée.

Paris, le 26 avril 2016 – Withings et Nokia annoncent le projet de Nokia d’acquérir Withings, pionnier et leader de la révolution de la santé connectée avec une famille de produits de santé connectée primés et des services permettant aux personnes à travers le monde d’améliorer au quotidien leur bien-être pour une meilleure santé sur le long terme.

« Depuis le début de Withings, notre passion a été de donner à chacun le pouvoir de suivre son mode de vie et d’améliorer au quotidien son bien-être pour une meilleure santé sur le long terme », affirme Cédric Hutchings, CEO de Withings. « Nous sommes heureux de rejoindre Nokia et d’aider les personnes à travers le monde à partager notre vision de la santé connectée ».

Withings a été fondé par Eric Carreel, Président, et Cédric Hutchings, CEO, en 2008 et son siège est en France, avec environ 200 salariés dans ses bureaux à Paris, à Cambridge aux US et Hong Kong. Le portfolio de produits médicaux et non-médicaux de Withings inclue les trackers d’activité, les balances, les tensiomètres, des babyphones connectés et bien d’autres, et il est construit sur une plateforme de santé digitale performante qui permettent à chacun d’avoir un suivi de son mode de vie et de prendre des décisions plus intelligentes sur sa santé, son bien-être personnel ou celui de sa famille. Les produits Withings trouvent comme complément un écosystème de plus de cent applications compatibles.

« Withings partage notre vision en matière de santé numérique et propose des produits intelligents et bien conçus, des produits qui aident les gens à vivre en meilleure forme », a déclaré Ramzi Haidamus, président de Nokia Technologies. « En associant les produits primés et les salariés talentueux de Withings à l’expertise et aux innovations mondialement reconnues de Nokia Technologies, nous nous plaçons en tête de la prochaine vague d’innovations en matière de santé numérique. »

Withings sera rattaché à la branche d’activités Nokia Technologies. Cédric Hutchings prendra la direction de la nouvelle entité santé digitale de Nokia qui continuera à partager la vision de Withings et Nokia.

La présente transaction devrait se clôturer au début du troisième trimestre 2016. Cette transaction est soumise aux approbations réglementaires et conditions usuelles de clôture.

Pour plus d’information sur cette annonce http://company.nokia.com/en/news

A propos de Withings
Withings est le leader de la santé connectée. Fondé par Cédric Hutchings et Eric Carreel, Withings crée des produits et des services permettant à chacun d’avoir un suivi de son mode de vie et d’améliorer au quotidien son bien-être pour une meilleure santé sur le long terme. Sensibles, parfaitement conçus et simples à utiliser, les produits et services Withings introduisent de façon transparente l’innovation de pointe dans le quotidien de chacun. Depuis 2008, Withings a développé une gamme de produits qui couvre l’ensemble du spectre de la santé comme les trackers d’activité (Withings Pulse ou les montres Activité), le pèse-personne Wi-Fi et la station santé (Smart Body Analyzer), le tensiomètre sans fil, la caméra connectée dotée de capteurs environnementaux (Withings Home) ou le système intelligent et
actif pour le sommeil (Withings Aura). Chaque donnée collectée prend forme dans l’application Withings Health Mate où les utilisateurs retrouvent un service de coaching et des outils de motivation afin de parfaire leur santé.Nokia today announced plans to acquire Withings, to accelerate Nokia’s entry into the Digital Health market. Through this acquisition, Nokia and Withings will strengthen their position in the rapidly growing connected health market. With Nokia, Withings will be at the heart of this revolution and will accelerate its developments to become a world leader in the connected health market.

April 26, 2016 – Paris, France – Nokia today announced plans to acquire Withings, pioneer and leader in the connected health revolution with a family of award-winning digital health products and services to help people all over the world lead healthier, happier and more productive lives.

“Since we started Withings, our passion has been empowering people to track their lifestyle and improve their health and well-being,” said Cédric Hutchings, CEO of Withings. “We’re excited to join Nokia and help bring our vision of connected health to more people around the world.”

Withings was founded by Chairman Eric Carreel and CEO Cédric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, Cambridge MA, US and Hong Kong. Withings’ portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors and more, and is built on a sophisticated digital health platform, providing insights to empower people to make smarter decisions about the health and wellbeing of themselves and their families. Withings’ own products are complemented by an ecosystem of more than a hundred compatible apps.

“Withings shares our vision for the future of digital health and their products are smart, well designed and already helping people live healthier lives,” said Ramzi Haidamus, president of Nokia Technologies. “Combining their award-winning products and talented people with the world-class expertise and innovation of Nokia Technologies uniquely positions us to lead the next wave of innovation in digital health.”

The planned transaction values Withings at EUR 170 million and would be settled in cash and is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. Upon completion, a new Nokia Digital Health business unit will be headed by Cedric Hutchings and will continue to further the shared vision of Nokia and Withings.

For more details of today’s announcement by Nokia, please visit http://company.nokia.com/en/news.

About Withings
Withings leads the connected-health revolution by inventing beautiful, smart products and services that help people become happier and healthier. Founded by visionary innovators Cédric Hutchings and Eric Carreel in 2008, Withings is committed to creating enjoyable, empowering experiences that easily fit into our daily lives. Withings has built a range of award-winning products across the health spectrum including activity trackers (Withings Pulse and Activité), the Wi-Fi scale and health station (Smart Body Analyzer), the Wireless Blood Pressure Monitor, the security camera with air quality sensors (Withings Home) and an advanced sleep system (Withings Aura). Every piece of collected data comes to life in the Withings applications where users can find coaching, motivation and insights to shape key aspects of their health.
Read more about Withings on www.withings.com. For high resolution images and press releases, visit www.withings.com/press.

On-Demand Cleaning Startup Hassle Merges With Rocket Internet’s Helpling

The on-demand cleaning space in Europe just got a little less messy. According to multiple sources, the U.K.’s Hassle.com, which also operates in Ireland and France, has been acquired by Rocket Internet’s Helpling. Both companies declined to comment. However, TechCrunch understands that this is now a done deal.

That also tallies with what I had been hearing as far back as March. Armed with $45 million in new funding, adding to a $17 million Series A raised shortly before that, Helpling was believed to be embarking on an acquisition spree as means to further expansion, in what might be considered typical Rocket Internet fashion.

At the time, it was thought that those acquisitions would be modest, as Helpling looked to mop up a number of much smaller competitors in European countries and beyond where it had yet to establish a presence or there was no clear leader. However, Hassle doesn’t quite fit that bill, to say the least.

The London-headquartered startup is backed by prominent VC fund Accel Partners, after it raised a $6 million Series A round last May. And, by some accounts, Hassle is roughly equal in size to Helpling. Although both companies operate in France, Hassle’s biggest market is the U.K. where Helpling is yet to launch. That’s likely a major driver behind this deal.

Also, don’t be distracted by Helpling’s expansion into 200 cities, after first launching in Berlin in March 2014. As Helpling co-founder Benedikt Franke told me in March, the majority of cleaning jobs booked happen in its “top 20 cities”, which doesn’t currently include London, a major market for domestic cleaning and where Hassle is at its strongest.

In fact, from what I understand this is more a merger of sorts — the price remains unconfirmed, though one source pegs it in the $25-40 million range — rather than a Helpling/Rocket Internet acquisition, creating a clear and formidable European leader in the on-demand cleaning market.

Whatever you might think about the German ‘startup factory’ and e-commerce behemoth, Hassle joining forces with Helpling sets up an interesting battle with Silicon Valley rivals.

In the U.K. capital city they include the likes of TaskRabbit, Homejoy, and Handy (via its acquisition of Mopp). And, to add a little more intrigue, Handy is also believed to be in talks to buy Homejoy, so we can probably expect more tidying up of the on-demand cleaning space soon.

Source : TechCrunch.comThe on-demand cleaning space in Europe just got a little less messy. According to multiple sources, the U.K.’s Hassle.com, which also operates in Ireland and France, has been acquired by Rocket Internet’s Helpling. Both companies declined to comment. However, TechCrunch understands that this is now a done deal.

That also tallies with what I had been hearing as far back as March. Armed with $45 million in new funding, adding to a $17 million Series A raised shortly before that, Helpling was believed to be embarking on an acquisition spree as means to further expansion, in what might be considered typical Rocket Internet fashion.

At the time, it was thought that those acquisitions would be modest, as Helpling looked to mop up a number of much smaller competitors in European countries and beyond where it had yet to establish a presence or there was no clear leader. However, Hassle doesn’t quite fit that bill, to say the least.

The London-headquartered startup is backed by prominent VC fund Accel Partners, after it raised a $6 million Series A round last May. And, by some accounts, Hassle is roughly equal in size to Helpling. Although both companies operate in France, Hassle’s biggest market is the U.K. where Helpling is yet to launch. That’s likely a major driver behind this deal.

Also, don’t be distracted by Helpling’s expansion into 200 cities, after first launching in Berlin in March 2014. As Helpling co-founder Benedikt Franke told me in March, the majority of cleaning jobs booked happen in its “top 20 cities”, which doesn’t currently include London, a major market for domestic cleaning and where Hassle is at its strongest.

In fact, from what I understand this is more a merger of sorts — the price remains unconfirmed, though one source pegs it in the $25-40 million range — rather than a Helpling/Rocket Internet acquisition, creating a clear and formidable European leader in the on-demand cleaning market.

(Update: Tech.eu is reporting that it was an all-stock deal, but that doesn’t tally with my sources, cash certainly changed hands.)

Whatever you might think about the German ‘startup factory’ and e-commerce behemoth, Hassle joining forces with Helpling sets up an interesting battle with Silicon Valley rivals.

In the U.K. capital city they include the likes of TaskRabbit, Homejoy, and Handy (via its acquisition of Mopp). And, to add a little more intrigue, Handy is also believed to be in talks to buy Homejoy, so we can probably expect more tidying up of the on-demand cleaning space soon.

Top News : Online Cosmetics Site Jumei’s IPO Spawns China’s Newest Billionaire

Shares in Jumei International Holding, one of China’s largest online cosmetics websites, climbed more than 11% in their U.S. IPO today, generating the country’s latest billionaire.

Chairman Leo Chen held about 41% of the company prior to the IPO, according to Jumei’s prospectus. His holding was worth $1.2 billion just ahead of noontime in trading at the New York Stock Exchange.

Chen was a member of the 2012 and 2013 Forbes China “30 Under 30” lists of notable entrepreneurs under the age of 30.  Jumei’s product line-up has included Calvin Klein, Estee Lauder, Avon and Elizabeth Arden brands.

Chen holds a Stanford MBA. Before founding Jumei, he set up an online game platform, Gerena.

Sequoia also owns a stake in the company.

Other China IPOs in the U.S. in the works this month are Alibaba.com, the country’s biggest e-commerce business, and JD.com, another large e-commerce company.

China had a record 152 billionaires on the 2014 Forbes Billionaires List, second only to the United States.

Interest in U.S. listings among venture capitalists that back Chinese start-ups has been on the rise because of the unpredictability of IPO rules in the country, Highland Capital Partners managing director Chuan Thor said recently.

Source : ForbesShares in Jumei International Holding, one of China’s largest online cosmetics websites, climbed more than 11% in their U.S. IPO today, generating the country’s latest billionaire.

Webedia : FIMALAC : Exclusive negotiations to acquire a majority stake in the capital of WEBEDIA Group


L’éditeur de Purepeople et Puremedias, affichant près de 20 M€ de revenus, cède la majorité de son capital à Fimalac qui le valorise 70 M€.
Envisageant une levée de fonds minoritaire ou une cession, Webedia s’est finalement orienté vers la seconde option. Accompagné dans ce processus par Rothschild l’éditeur de presse féminine en ligne, qui avait mandaté Clipperton pour suivre les offres minoritaires, cède le contrôle à Fimalac. Le groupe coté de Marc Ladreit de Lacharrière valorise l’entreprise 70 M€. L’opération, portant surmoins de 60 % du capital selon nos sources, voit les fondateurs Cédric Siré et Guillaume Multrier, qui s’engagent à rester au moins cinq ans, céder la moitié de leurs parts. Les trois fonds présents, Ventech (dont la participation est trois fois supérieure aux autres), Xange PE et Idinvest, dont certains avaient des contraintes de liquidité, restent également en partie au capital.

Près de 20 M€ de chiffre d’affaires en 2012
L’éditeur de site comme Purepeople et Puremedias, qui avait réuni 3,5 M€ en 2008 auprès de ce trio de VCs, avait construit son essor en partie par acquisitions, dont celle du guide d’achats Shopoon et plus récemment de Canalblog. En 2012, il affiche unecroissance de 80 % de son chiffre d’affaires à près de 20 M€. Afin de la poursuivre, Webedia mise désormais sur les autres activités de Fimalac, dont celles de producteur de spectacles et d’artistes. “Fimalac nous apporte d’avantage que de l’argent, en nous permettant par exemple d’élargir nos sources de revenus, centrés jusqu’ici sur la publicité, à la vente de billets. Il mêle l’avantage d’un financier aux synergies d’un industriel”, assure Cédric Siré.
Terrafemina rejoint également Fimalac
L’acquéreur, qui n’est plus majoritaire dans l’agence de notation Fitch depuis un an, s’offre par ailleurs TFco, éditeur de Terrafemina.com. Le nouvel ensemble, dirigé par la fondatrice de ce site Véronique Morali et les deux dirigeants de Webedia, aura quatre activités en plus de l’édition de sites : opérations spéciales publicitaires, prospection pour les e-commerçants, le conseil, et enfin la production de contenus et le “pilotage de communautés” pour les marques et les entreprises. 

Baptiste Rubat du Mérac
Today, FIMALAC has announced that it is going to acquire the majority of the capital of the digital media group Webedia, which it will consolidate with the company TFco (terrafemina.com and TFco’s advisory structures), previously transferred.
FIMALAC will then arrange for financing of EUR20 million to be provided to the new unit to speed up its development in France and internationally.
WEBEDIA was formed in 2008 and is the 10(th) largest French media company on the internet, combining leading companies in their respective sectors, such as purepeople.com, puremedias.com, and the more recently launched puretrend.com and purebreak.com. WEBEDIA’s sites have a constantly increasing audience, now amounting to 10 million unique visitors per month. WEBEDIA has also recently launched its sites in Russia and Brazil, where the business is developing very rapidly. It achieved revenues of nearly EUR20 million in 2012, growing by more than 60% in the first months of 2013.
By combining the audiences and expertise of WEBEDIA and TerraFemina, the new WEBEDIA will effectively be positioned as the new co-leader in terms of women’s targets. Its business, apart from the publication of theme-based sites, will be structured around four business lines: special advertising operations, canvassing for e-traders, consultancy, delegated production of content and the management of communities for brands and companies (“brand publishing”).
The new unit will be managed by a management board comprising Veronique Morali, Chairman, and Cédric Sire and Guillaume Multrier, co-founders of WEBEDIA. Marc de Lacharrière will be the Chairman of the Group’s Supervisory Board.
FIMALAC is thus reinforcing its position in the media and entertainment sectors in which it has already developed many businesses in the production of artists and shows and in the distribution of shows.
Commenting on the operation, Marc de Lacharrière, the Chairman and Chief Executive Officer of FIMALAC, said: “The acquisition de WEBEDIA, which in barely 5 years has succeeded in positioning itself among the leading French digital media companies, will provide us with unique know-how in the information and digital domain. The Group will benefit from a presence throughout the value chain: production, distribution, and now sale, as well as the advertising and promotion of entertainments thanks to the expertise and digital know-how of WEBEDIA, whose sites deal daily with artists’ news.”
For Cédric Siré and Guillaume Multrier, the founders of “the acquisition of a majority of the capital of our Group by FIMALAC, whose ambition is to integrate the whole media and entertainment value chain, and which has substantial financial resources, represents an exceptional opportunity to speed up our development. Thanks to this operation, we will be able to strengthen WEBEDIA’s position as a leader among digital media companies and to continue with the Group’s development both in France and internationally”.