Swiss leading financial newspaper "AGEFI" published in French
an article on December 27, 2000 that can be summarized as follows:
foresees a listing in Europe or in Canada in 2001
is coaching 10 European start-ups specialized in B2B. Founded
in 1999 Nascendo already realized several profitable sales.
has been floated by incubators, and projects have flourished
over the past few years. They have been brought by accademic
circles as well as by the private sector. Nascendo contemplates
the possibility to go public on the Canadian secondary market
or on one of the European stock exchanges, a first for a Swiss
generally takes stakes ranging from 5 to 20% in the share capital
of start-up companies against several services such as legal,
investment banking, merger and acquisitions. The coaching is
secured by a team of 14 specialists. The management is composed
of Georges Berberat, an ex-banker with UBS / PaineWebber, Marin
le Corre, former Vice President with Merrill Lynch Capital Markets,
together majority shareholders of the company, and Alexandre
in Paris, London, Milan and Geneva Nascendo coaches 10 companies
specialed in B2B in diversified fields such as radiology, dentristry
or printed circuits. It also took shares in companies operating
in the distribution of financial products, data mining (resale
of information data). "We consider that Nascendo is a service
company rather than an investment firm. Our goal is to provide
added value to our incubes" underlines Mr. le Corre "and our
strategy bears results".
Nascendo is profitable, and expects to go public next year.
already realised profits by the resale of portfolio companies.
A case in point: Toobo.com a French company that elaborated
a shop boat or price-comparision site. We took a 2 percent stake
in it, and found 10 million French francs with the Credit Lyonnais.
Later the company was sold for 100 million French francs to
Liberty Surf. Another exit was realized with a company called
Human Capital Resources operating a software program for humain
ressources. This start-up was sold for 15 million French francs
to Planet Career.
represented in the company's strategic committee.
As of today
the only possible exit off a participation is its actual sale.
In fact, with the recent free fall of the technological sector
it has become more difficult to exit through IPOs. Nevertheless,
some of them could achieve IPO level such as PCB007, a British
company specialized in the printed circuit board business. The
founders of Nascendo also started new companies such as Radeikon.
Georges Berberat and Marin le Corre induced a team of radiologists
to create a market place on Internet. Today, the company has
gathered about 30 medical professionnals in its circle. After
a first round of financing of SFR 500'000 Radeikon is currently
closing a second round of SFR 750'000. The Radeikon site will
enable radiologists to gather together purchases for their own
needs and realize savings up to between 20 to 30%. More than
100 practitioners already adhere to the site as well as some
40 hospitals. Nascendo owns about 15% of the company shares.
to find the financing for its incubees Nascendo does not revert
to capital riskers but rather to industrialists. Agreements
have already taken place with Hewlett-Packard, Oracle, and Arthur
Andersen. Nascendo, a member of the European Incubator Association,
is backed by a strategic committee composed of industrialists
such as Intel, and university professors like Didier Cossin
of HEC, Lausanne, Switzerland, and Professor Jose Carlos Jarillo,
IMD and University of Geneva.