Televenture
Business:

Televenture is an Oslo based Venture Capital firm investing in Nordic based companies operating in Light Industrials, Software, Oil & Gas, Marine and Consumer sectors. Lead investor from Seed to Series C. Manages 4 funds: NIK I, II, III and IV

Key Business Objective:
NIK I, II and III were approaching maturity and NIK LPs requested a liquidity solution. Process was led by the GP
Valery Capital’s Role:
Successfully executed a secondary transaction providing €35m liquidity to existing investors in December 2018. In addition, raised €15m for add on investments for NIK VI portfolio companies
Added Value Solution:
Advised on strategic options and optimal sale strategy: selection of the 6 most mature assets out of a total 33 assets in NIK I-III and transfer into a new NIK VI fund. Managed a targeted auction process including marketing, dataroom, production of marketing materials and support on legals
Outcome:
Valery Capital closed the transaction at a price exceeding initial target by 7%