Bryan, Garnier & Co has successfully completed a €11m equity funding for Jobpartners, a UK-based provider of Talent Management solutions

Paris, June 2nd, 2008 – Bryan, Garnier & Co (bryangarnier.com), a pan-European independent investment bank focusing on growth companies, today announced that its Corporate Finance Department had successfully led the placement of a €11m third round of equity financing for Jobpartners (www.jobpartners.com).

Bryan, Garnier acted as sole placement agent to Jobpartners’ management and shareholders. This operation allowed Jobpartners to attract 2 new venture capital investors: SGAM Alternative Investments and CM-CIC Capital Privé. The operation also allowedtwo existing investors (I-Source Gestion and Gilde IT) to demonstrate their continued support, by re-investing in the company.

The funding will be used to accelerate Jobpartners’ growth across new regions, and to help the company continue to innovate and develop cutting-edge Talent Management solutions to add to its current portfolio. It will also help the company take advantage of the strong growth and intense consolidation phase expected in the Human Capital Management market over the coming years – already illustrated by significant transactions such as the IPO of SuccessFactors in November 2007, and the acquisitions of Vurv by Taleo, Brassring by Kenexa, ExecuTrack and i-Grasp by Stepstone.

Prior to this fundraising, Bryan, Garnier & Co already led a €18m round of venture capital raising for Jobpartners in 2001. Gregoire Revenu, Managing Director at Bryan, Garnier & Co, commented: “Wesaw Jobpartners in 2001 as one of the most promising European SaaS (Software as a Service) providers of Talent Management solutions. The company has a pioneering vision of the sector and has also proven its ability to execute a significant and sustainable growth. This new fundraising, achieved in adverse market conditions for the investor’s community, is a new demonstration of our commitment to assist our clients at each stage of their development, in all aspects of their Corporate Finance strategic issues, from private placement, M&A advisory, through to public offerings or equity-linked placements.”

A new transaction in Application Software, involving a pure-play SaaS vendor this time
Following the sale of Infolog Solutions to Generix and the sale of Orsyp to Argos Soditic and its Management through a LMBO already completed earlier in 2008, this transaction confirms Bryan, Garnier & Co’ status as a leading investment bank in the area of Technology, and particularly in Application Software. Jobpartners was one of the first applications providers in Europe to implement a Software-as-a-Service (SaaS) business model since inception. This model, which provides vendors with strong visibility and a steady flow of recurring revenues, is expected to gain widespread adoption over the coming years. Bryan, Garnier & Co is therefore very proud to be part of the emergence and strong development of such a dynamic and innovating company as Jobpartners.

Bryan, Garnier & Co confirms its unique know-how in private placements. This operation underlines Bryan, Garnier & Co’s leading position in the syndication of later stage private placements for Technology companies in Europe. Since 1998, Bryan, Garnier & Co successfully led more than 30 private placements, raising several hundreds of millions of Euros.

Bryan, Garnier & Co is one of the very few investment banks in Europe to take part in this activity, which requires a deep understanding of emerging technologies, strong advisory skills and a very solid grasp of the private equity industry, as a strategic practice within its Corporate Finance. To this end, Bryan, Garnier has developed a unique know-how in the management of private placements thanks to a team that brings together experienced investment bankers and former venture capitalists.

Xavier Marchioni, CEO of Jobpartners, declared: “We worked for several months with Bryan
Garnier, in the context of capital market instability. We evaluated various alternative scenarios to select the most appropriate financing for the company. Bryan Garnier’s solid commitment at each stage of the process and its large scope of financing solutions, from private placements to public equity financing as enabled us to seize the most adequate financing structure.”

For further information please contact :

Grégoire Revenu, Managing Partner / +33 1 56 68 75 20 / grevenu@bryangarnier.com
Guillaume Durao, Principal / +33 1 56 68 75 27 / gdurao@bryangarnier.com