In spite of technology sector turmoil, Bryan Garnier & Co successfully syndicates an EUR18 million round of venture capital for Job Partners
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London — May, 2001 — Bryan, Garnier & Co (bryangarnier.com), a pan-European independent investment bank focusing on European growth companies, announced today that it has led the placement and the syndication of a EUR 18 million second round of equity financing for Job Partners (www.jobpartners.com) a leading software company that offers an ASP solution for Human Resource Management.
The new investors of this round are Gilde (NL) and CISCO Systems (USA). Previous investors, including ING Bank (NL), Partech International (F) and Viventures (F) also participated in this round of financing.
Commenting on the announcement, Gregoire Revenu, a Bryan, Garnier & Co Managing Director in Corporate Finance, said: “Job Partners is one of the most promising European companies in the CRM software market, combining a real pioneering vision in the HR vertical with a unique execution capacity.
This significant equity round, which gathers leading venture capital funds, provides Job Partners with the financial resources and the shareholders’ support necessary to reach its ambitious goals. At Bryan, Garnier & Co, building our reputation on our clients’ success is what drives our growth”.
This placement enhances Bryan, Garnier & Co’s leading position in the syndication of later stage private placements for Technology companies in Europe. Bryan, Garnier & Co is one of the very few investment banks in Europe to consider private placement as a strategic practice within its corporate finance services.
For Gregoire Revenu, “a private placement is the starting point of a long term relationship with the companies we are sponsoring. Indeed, our objective is to assist our clients in all aspects of their corporate finance issues, including further fund raisings, M&A activities and IPO”.
This activity requires for senior bankers to have a deep understanding of emerging technologies, strong advisory skills and a very solid grasp of the venture capital industry. To this end, Bryan, Garnier & Co has developed a unique know-how of private placements thanks to a team that blends experienced investment bankers and former venture capitalists. In 2001, the bank launched an M&A advisory service for technology companies.
About Job Partners
Job Partners was founded in November 1998, following two years of intensive research with HR professionals to identify, evaluate and address critical recruitment issues. As a result of this research, Job Partners has developed ActiveRecruiter, a collaborative recruitment platform that automates and structures the entire recruitment process, enabling a CRM-like approach to targeting and attracting candidates.
A Multi-lingual solution, ActiveRecruiter is currently available in English, German, Dutch, French, Italian and Spanish, with other European languages in development for release in quarter 2, 2001. As of January 2001, Job Partners employed over 100 people across Europe. Job Partners is a wit with a rapidly growing network of sales and partner offices, headquartered in the UK and covering 13 countries including the USA, India, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Spain, Sweden, Switzerland and the UK.