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GP Bullhound advises pan European e-commerce company PrivateOutlet.com on its €7.3m funding round


10th September 2008

GP Bullhound, the European technology investment bank, today announces the completion of a €7.3 million financing round for PrivateOutlet.com, the Internet based private members designer clothing club.

The funding comes from lead investor BayTech Venture Capital, GP Bullhound Sidecar, Kreos Capital and the management team. It will be used for international expansion and sales and marketing.

Jude Ngu'Ewodo, General Partner at BayTech Venture Capital commented on the deal: 'We are delighted to be part of the Private Outlet story. We believe their extensive relationships with the key clothing brands, innovative Pan European infrastructure, network of 1m members and the ability to offer up to 70% off the list price give them a unique position in the market. This financing will enable the management team to exploit the considerable market potential and build a world-class business.'

Private Outlet’s CEO, Cyril Andrino, commented on GP Bullhound's role: 'We have found GP Bullhound to have a true international network of investors and value add partners. As well as having considerable sector knowledge they introduced a number of key strategic partners including media and ecommerce partners and most importantly structured an excellent syndicate of international investors”.

This fundraising represents the completion of GP Bullhound's seventh private placement for the year, confirming its position as the #1 European Technology Private Placement house.


Publisher Contact Information:

GP Bullhound Limited
-
gpbullhoundpress@gpbullhound.com

Company profile of GP Bullhound Limited
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