Aelios Finance Weblog : Levée de fonds, M&A, LBO

Bifurcated stent company Stentys completes $18 million ‘Series B’ venture financing

Scottish Equity Partners leads the round;
Sofinnova Partners reinvests

“This financing round will allow us to complete clinical trials and obtain CE Mark for our drug-eluting, bifurcated stent to treat coronary artery disease...”
Gonzague Issenmann, CEO, Stentys

PARIS, March 19, 2008

Medical device pioneer Stentys announced today that it has completed an $18 million ‘Series B’ round of venture financing. The lead investor was UK venture firm Scottish Equity Partners.  Series A investor Sofinnova Partners also participated in the B round. Aelios Finance served as financial advisor to Stentys. Brian Kerr, one of the founding directors of Scottish Equity Partners and a Partner in the firm’s Healthcare Group, will join the Stentys Board of Directors.

Coronary artery disease, one of the leading causes of mortality in the world, is caused by fatty lesions that narrow the coronary artery and reduce blood flow, resulting in an often-lethal myocardial infarction (heart attack). Cardiologists have been using stents (small meshed metal tubes) to unclog the artery, but standard stents are simply ill-suited to treat artery bifurcations, the area where one main vessel branches out into two smaller vessels. In fact, the procedure does not work in more than one patient out of five, and these patients must subsequently undergo a second intervention, and quite often open-chest surgery.

Levée de fonds de 2,75ME pour Ariane-Systems - Aelios Finance conseil de la société

Article de Capital Finance (Groupe Les Echos) :

CAPE entre dans Ariane Systems

Après avoir amassé 3,8 MEuro(s), en deux étapes, Ariane Systems a bouclé un troisième tour, de 2,75 MEuro(s). Crédit Agricole PE, pour son entrée, apporte 2 MEuro(s), accompagné par Sgam AI PE (0,5 MEuro(s)) et 123 Venture (0,25 MEuro(s)).
Cette PME, née il y a dix ans, conçoit des bornes automatiques de check-in destinées à l'hôtellerie économique mais aussi d'affaires. Basée à Pantin, en Seine-Saint-Denis, elle vise une croissance de 50 % par an de ses recettes sur les trois à quatre années à venir. Ariane Systems veut s'implanter en Europe du Sud et de l'Est, en Afrique du Sud, en Israël et au Moyen-Orient. Tout en élargissant son champ d'action aux ferries et aux navires de croisière.