Esprit officially launched on the back of Newham investment



It finally hits officialdom (as in VentureWire): the Caz/Prelude merger results in Esprit Capital Partners, to be headed by Simon Cook, to whom I will be talking to tomorrow.

Simon Cook, chief executive of Esprit, said the new fund will manage Cazenove’s vintage 2000 Cazenove New Access Europe Fund of GBP234 million ($442 million) and the roughly GBP50 million ($94 million) under capital from the Prelude Trust PLC, giving the new firm a capitalization of about GBP284 million ($536 million).

Great site, I was particularly amused by the background picture on this page.  Nice one Simon ;-)  Amadeus team, when is your site revamp due ?  Esprit also boasts  a fellow VC blogger, MC Nic "The E Kicker".

The site puts forward the following exits:

"We have had great success with KVS (sold to Veritas for $225m), Alphamosaic (sold to Broadcom for $123m), Fillfactory (sold to Cypress Semi for $100m), DRI (sold to Invitrogen for $60m) and Blackspider (sold to Surfcontrol for $40m)."

New deals include Xanadu Wireless B.V and Newnham Technology, which Simon chose to highlight in his VentureWire interview. Martin Gibson led the Series A on Newnham.  Newnham’s product is the NIVO (Network In Video Out) which essentially enables a display to become a networked device, much like a printer.  Besides the typically hardcore Cambridge innovation and difficult spelling, the company is interesting for a number of reasons:

  • Founders include Quentin Stafford-Fraser of webcam fame (the legendary trojan room coffee pot) and Martin King, the man behind T9 predictive texting.  They know a thing or two about making a technology into a market standard…
  • New CEO is Hamid Farzaneh, second in command at Genesis Microchip, which he was instrumental into turning into the dominant display silicon vendor. 
  • … and they got a deal with Kensington to make Dell’s next gen docking stations a reality (shipping today)

UPDATE: I do commentary not breaking news but should have linked to this nice coverage of Newnham and ECP at a:c who were kind enough to help my readership grow.

Nivo_usb_board

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3 Responses to Esprit officially launched on the back of Newham investment

  1. Apologies for going off topic, but the “subscription” buttons on this blog don’t work. At least, not in my software, Onfolio.

    “Catches” the feed, albeit without a name, but retrieves nothing.

    Works in Newsgator, though.

  2. FredDestin says:

    Michael, not sure why that is. Feed is managed by Feedburner and is:
    http://www.freddestin.com/blog/rss.xml

  3. Hi Fred,

    Thanks for the link and no problem with the nickname. I always thought I would have liked to be a popstar if I had an ounce of talent!!

    You definitely got the better picture than me on Alarm Clock Euro though…

    cheers,
    Nic