Led · Equity · May 2011

Ivalua provides a cloud-based, end-to-end procurement platform that gives procurement teams a complete digitized view of the supply chain to manage direct and indirect spend. The platform is used by over 300 companies and manages more than $500 billion in spend. This year Ivalua added AI capabilities including automated contract data capture and an integrated chat and voice assistant to speed reporting and purchasing queries. Founded in France by CEO David Khuat-Duy, the company is based in Paris and Redwood City, CA. Ivalua said it is on pace to exceed $100 million in annual revenue in 2019. The company intends to use new funding to invest in organic product innovation, continue global expansion and possibly pursue strategic acquisitions. Ivalua provides a global Spend Management Cloud and an end-to-end Source-to-Pay (S2P) platform relied on by large enterprises and public sector organizations. Its platform combines a full-suite offering with configurability and flexibility that the company says enables easy vertical integration for complex, multinational needs. Ivalua reports over 250 blue-chip customers, including Honeywell, the City of New York, Veolia, Thales, Orange, Michelin, and Deutsche Telekom, and has been deployed to manage over $500 billion in spend. The product has been recognized by Gartner in its Magic Quadrant for Strategic Sourcing and by SpendMatters SolutionMap for eProcurement. Management highlights high client retention and positions the product as a strategic tool to reduce rogue spending and streamline procurement. The company says it will use the new capital to invest in and innovate its suite and accelerate its pursuit of global leadership in the spend-management market. Ivalua provides SaaS and licence-mode e-buying solutions with 22 integrated modules covering performance management, e-sourcing, e-procurement, and supplier relationship and risk management. Founded in 2000, the company serves customers including Areva, Arcelormittal, PSA, Faurecia, LVMH and Société Générale. It has 64 employees across offices in France, Germany and the United States. Ivalua received a €3M investment from AXA Private Equity intended to accelerate international growth—particularly in the United States—and to consolidate its SaaS offering for the SME market. Founder David Khuat-Duy said AXA Private Equity’s stake will boost international development and the company’s ability to offer innovative e-buying solutions via its R&D teams. The financing supports Ivalua’s expansion and product development plans within the e-buying market.

Led · Equity · Nov 2010

KOS is an Italy-based provider of care homes for senior citizens, rehabilitation services, healthcare centres and hospital services and is a CIR group company. Founded in 2002, it invests in services for chronic care, managing residential homes that provide health, psychiatric and rehabilitative care and care for the disabled. KOS also manages advanced diagnostic and therapeutic technology in public and private hospitals, including MRI, PET, accelerators and proton therapy centres. The company operates 59 facilities in north-central Italy comprising more than 5,500 beds, with approximately 400 additional beds due to come on stream, and employs around 4,000 people. The firm intends to use new resources from the AXA Private Equity investment to support its development and expansion.

Led · Equity · Sep 2010

JIT Solaire installs turnkey photovoltaic systems and operates solar power plants for individuals, companies and local authorities. The company is based in the Poitou-Charentes and Rhône-Alpes regions of France. It focuses on both installing panels and running power plants for its own account. The business model combines project installation with ownership and operation of generation assets. A €3m capital infusion from AXA Private Equity is intended to accelerate the development of these activities. Founding directors Jérôme Bailleul and Franck Braudel said the investment will help the company combine profitable growth and sustainable development.

Led · Equity · Jan 2010

Mei.com operates a daily flash-sales platform (sales scheduled each morning at 9AM) offering products from roughly 2,400 brands including Armani, Michael Kors, Longchamp and Guerlain. The site targets higher‑end cross‑border shoppers and positions itself to shift excess inventory and offer premium imported goods at discounted prices. Alibaba will support Mei.com with Tmall’s logistics, online supply‑chain and IT infrastructure to help the site acquire more users and deliver goods faster. Mei.com’s parent, Glamour Sales, previously raised $100 million (including $65M from Investec and Chow Tai Fook) and has had other strategic investors. Operating metrics reported in the article show about 6 million customers across 1,200 cities and reported 2014 sales of $155 million (up from $82 million the prior year). The company is leveraging partnerships to expand reach into Alibaba’s ecosystem and cross‑border e‑commerce channels. Glamour Sales operates invitation-only online retail marketplaces offering significant discounts on branded designer goods and lifestyle services. Founded in Japan in August 2009, the company has completed more than one hundred private sales events with international fashion, cosmetics, jewellery, hotel and lifestyle brands. It completed a $13M first round of financing to support growth. The company will use the capital to expand operations in Japan and to launch an online marketplace in China. AXA Private Equity will provide a significant proportion of the funds for the expansion, while Mandra Capital will assist with strategic development, corporate finance and M&A. Glamour Sales aims to capture rising demand for luxury and lifestyle goods as the private-sales e-commerce model grows in Asia.