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Partech announces the recruitment of Paul Vider, as Principal for its Growth Fund
July 1, 2019
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Press release – Paris, July 1st, 2019
Partech announces the arrival of a new member in its Growth Equity team: Paul Vider.
Partech is augmenting its Growth Equity team due to continued expansion in its portfolio of investments.
The Fund has completed five financings in high-growth disruptive companies in Europe in the past 18 months alone, including Exporo , the leading digital platform in Germany that is transforming the European real estate investing market; Berlin-based Urban Sports Club currently experiencing triple digit growth; Evaneos, the leading multiday tour marketplace in Europe in which Partech led a €70 M investment round in June 2018; and NA-KD.com, which has rapidly scaled to over SEK 1BN in revenues since Partech’s investment in January 2018.
Indeed, the wider Partech Growth portfolio recorded an average annual revenue growth rate of c.60% in the year to March 2019. Highlights include: Made.com, which completed a $56M pre-IPO round to consolidate its position as the clear market leader in its space; Brandwatch completed its merger with US competitor Crimson Hexagon in October 2018 to become a $100M software business; M-Files has been repeatedly recognized by Gartner as a Visionary in the Enterprise Content Services space; SendinBlue acquired German competitor Newsletter2go and more than doubled revenues since Partech invested in August 2017; and EcoVadis, has achieved global leadership in the supplier CSR rating industry with more than 55,000 businesses in its network.
With these successful portfolio companies and continued strong dealflow, the Partech Growth team needed some extra power, and is pleased to announce today the hiring of British national Paul Vider, as Principal.
With Paul, the Partech Growth team is now made up of 10 people investing in leading growth-stage European tech companies.
Paul Vider, new Partech Growth Principal
Paul Vider joined Partech in June 2019, as Principal.
Before joining Partech, Paul worked in London at Kennet Partners, a transatlantic tech growth equity firm, where he invested in growth-stage European SaaS and fintech companies for five years. Prior to working in growth equity, he spent nine years in finance, strategy and operational roles in financial services at Oliver Wyman, EY and Barclays. He is also a Chartered Accountant.
Paul holds a BA in Economics from Cambridge University and a Masters in Finance from London Business School.
Omri Benayoun and Bruno Cremel, General Partners at Partech, commented: “We welcome Paul to his new role at Partech. He brings with him very complementary growth investing experience and will provide valuable additional support to the existing team as the portfolio expands. Our pipeline of opportunities is very strong, and Partech is committed to investing in order to be at the forefront of the continued expansion of the European growth equity market.”
Paul Vider added: “It’s a great time to be joining Partech. There are very few genuinely transatlantic groups operating in this category and the overall tech growth equity opportunity the team is addressing in Europe is very exciting, with both the quality and quantity of later stage investment opportunities expanding significantly in recent years. I look forward to working with the team and leveraging the wider Partech platform to support the next generation of European scaleups.”
Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar. We bring together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages across multiple continents, with over $1.2B investment capacity. Investments range from $200K to $50M in a wide range of technologies and businesses for enterprises and consumers, from software, digital brands and services, to hardware and deep tech across all major industries. Companies backed by Partech have completed more than 20 initial public offerings and more than 50 strategic exits above $100M.
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