Investee Company – Tak’Asic (France)
Investee Company Business Type – Provides still-image processing chipsets
Type of Financing – Expansion
Equity Providers – Doughty Hanson Technology Ventures, Innovacom, Sofinnova Partners, SPEF Venture, Ventech
Equity Leader (Individual) – Alain Rodermann, Soren Hein
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – euro10.8 million
Total Deal Value – euro10.8 million
Advisor – Fred Lerner with Orsay Associés for the investors, Jones Day for the company
Comments – Tak’Asic provides highly integrated, standard-based digital still image compression solutions for the digital equipment market. Its devices can be integrated into scanners, laser printers, InkJet printers, fax, digital copiers and multi function peripherals. The company maintains development, sales and support locations in the US, Europe and Asia.
Tak’Asic has completed a euro10.8 million second round of funding. The financing was led by Sofinnova Partners and Doughty Hanson Technology Ventures who were joined by initial investors Innovacom, Ventech and SPEF Venture.
The company was founded by three research engineers in 1991 and is now a 25 people private company. Tak’Asic senior management has over 70 years of experience in technical and management positions in logic design, semiconductor design, electronic board design, and system on a chip solutions.
Alain Rodermann, partner at Sofinnova Partners, commented: “Tak’Asic has consistently demonstrated its ability to leverage its investments wisely, win strategic accounts and move an R&D-intensive business forward. We believe that this company is well positioned to become the market leader.”