– Turenne Capital has acquired a 20% interest in Innovacom, a longstanding
European venture capital player focused on innovation, with an eye to developing a partnership.
Amid the dynamic of consolidation in the private equity market, Turenne Capital, with €730 million in
assets under management, aims to become a concentration hub in France and to reach criti cal mass of
€1 billion in AuM in the coming months.
This growth policy is grounded in several strengths:
• A nationwide and multiregional network in Paris, Lille, Lyon and Marseille that gives the
company access to proprietary portfolios and makes it possib le to establish close relations with
business leaders; since its founding in 1999, Turenne Capital has provided equity support to more
than 150 companies ranging from start -ups to mid -caps.
• Specialized multi -sector funds , with a strong focus on innovation:
– Turenne Santé (healthcare)
– Turenne Hôtellerie (lodging)
– Emergence ETI (upper midmarket)
Since 1988, Innovacom has specialized in innovation capital and seed capital transactions, offering start –
ups support from early to late stage s. Innovacom has nearly €200 million under management and aims
to raise additional funds in the coming months.
The partnership between Turenne Capital and Innovacom will benefit stakeholders in a variety of ways:
• For LPs, the two groups will strengthen their links to institutional and corporate investors, offering
a choice among several investment vehicles while pooling their fundraising and management
• For companies with strong innovation credentials, the new allies now offer enhanced investment
capacity, le d by teams recognized for their expertise and extensive experience when it comes to
supporting rapidly growing companies.
Turenne Capital, a driving force to reshape the private equity landscape in France
Today, Turenne Capital is active in growth , buyou t and innovation capital for SMEs, high -growth mid -caps
and mature start -ups.
Turenne Capital’s philosophy has always been to promote an entrepreneurial spirit among its partners
with an eye to fostering innovation, developing new business lines, launchin g new funds, attracting new
talent and making their role as investors truly meaningful. 1
This animating principle has required the firm to adapt constantly to the economic environment and to
pursue growth -centered action, exploring new business lines and supporting companies engaged in
innovation, whether incremental or disruptive. Turenne Capital already manages or advises assets worth
€100 million in this segment.
The entrepreneurial approach is part of the very nature of Innovacom , recognized for the high -quality
support its teams provide to founders looking to grow their companies, as well as for the constructive
relationships it has always helped build between start -ups and corporate stakeholders.
This shared vision is the cornerstone of a promisin g pact between the two management companies, which
are both accredited by the AMF, the French stock market regulator. They maintain full independence and
keep their own teams while capitalizing on their synergies to achieve their goals.
This summer, Innov acom overhauled its governance structure. Jérôme Faul, Frédéric Humbert and
Vincent Deltrieu head up the company. Jérôme Lecoeur, who actively participated in negotiating this
agreement, will be welcoming the start of this new phase as Senior Advisor.
Olivier Motte, Chairman of the Management Board of Turenne Capital, stated: “ I am gratified by this
agreement, which will give us the benefit of Innovacom’s proven experience in the innovation capital
market and support for start -ups. This agreement marks t he start of a new chapter for us, as reflected in
a new momentum that resonates with the success of our ‘Technology, Digital and Healthcare ’ fund. ”
François Lombard, Chairman of the Strategy Committee at Turenne Capital, added: “ This transaction
illustrates our dual ambition: to take part in the nationwide movement to highlight and transform start –
ups while positioning ourselves squarely as catalysts capable of providing effective support to mid- size
structures. We have full confidence in the team led by Jérôme Faul to carry out a successful fundraising
campaign for its upcoming vehicles. ”
Jérôme Faul, Chairman of the Management Board of Innovacom, concluded: This partnership with
Turenne Capital gives us the chance to create a strong and ambitio us group for the benefit of investors
looking to put their capital to work in the real economy, supporting the most innovative entrepreneurs.
11 octobre 2017
« Ce partenariat avec Turenne Capital nous permet de créer un groupe fort et ambitieux au service des investisseurs qui souhaitent porter leurs capitaux dans l’économie réelle au service des entrepreneurs les plus innovants. »
A propos d’Innovacom
A pioneer of innovation capital in Europe, Innovacom has invested nearly one billion Euros since 1988 and has
supported hundreds of digital start -ups.
Recognized as a specialist in projects with high technological content, Innovacom has participated in dozens of IPOs,
approximately 150 industrial divestitures and has some of the most emblematic successes of French innovation
(Business Objects, Gemplus, LastMinute. com, Inventel, Soitec, Aufeminin.com). Its most recent succes ses have 2
taken place in various sectors such as video games (Owlient), mobile services (Digitick), medical imaging (Olea
Medical), ad -tech (Videoplazza), and lately smartphone components with Heptagon unicorn.
Through its seed and innovation funds, the com pany now manages a portfolio of investments including promising
companies such as 21Net, AirLynx, Aryballe Technologies, CAILabs, Cozy Cloud, Exagan, Feeligreen, Intersec, MicroEJ,
I- Ten, Matrixx, and Robart.
A propos de Turenne Capital
Turenne Capital, a leading independent investment capital firm, created in 1999 and located in Paris, Lille and
Marseille, accompanies business managers in their growth operations (internal growth, international development,
and acquisition) and capital tr ansmission operations. The group Turenne Capital manages 730 M€ through various
funds (Turenne Investment listed on Alternext, PACA Investissement and individual policyholders through FIP and