Month: December 2023

Joffe & Associés advises the investors on ProvenRun’s fundraising round of almost €15 million

Posted on by Valentin Poitou

Read the original CFNews article here.

 

Deeptech company ProvenRun is a leading player in the cybersecurity and connected-device protection market. As part of the international development of its solutions, the company is announcing a fundraising round of nearly €15 million from Tikehau Capital, in collaboration with the French Ministry of Defense’s Definvest fund, managed by Bpifrance. Joffe & Associés (Thomas Saltiel, Camille Malbezin and Mathilde Vasseur) advised the investors on the transaction.

 

The funding will be used to accelerate the roadmap for ProvenRun‘s services, notably automotive security applications and RISC-V architectures, as well as its geographic expansion, particularly to the United States and Germany. Thanks to this significant fundraising, ProvenRun is now solidly positioned to play a leading role in the evolution of cybersecurity, particularly within complex embedded systems.

 

This milestone marks a significant turning point, not only for the company itself but also for the cybersecurity sector as a whole, foreshadowing notable progress in security and trust in the connected world. Revenue of €10 million is expected this year.

 

“The market for operating systems (OS) for IoT is still under construction and could eventually reach several billion dollars. The main sectors we are targeting are automotive microprocessors, with a hundred million cars produced each year, and also microcontrollers, which represent a production volume of 15 billion units per year,” explains Thierry Chesnais, CEO of ProvenRun.

 

The company, launched in 2009 by Dominique Bolignano, specializes in providing a secure operating system (OS) and applications for connected vehicles and smart devices. Its main product aims to give car manufacturers and IoT device makers the ability to achieve a high level of cybersecurity while accelerating the development and certification of applications. ProvenRun focuses its development on the aerospace, automotive, microcontroller and defense sectors.

 

 

 

 

Joffe & Associés advises Hygie31 on its acquisition of Distrimed

Posted on by Valentin Poitou

Click here for the CFNews press release.

 

The Toulouse-based healthcare group Hygie 31, advised by Joffe & Associés (Christophe Joffe, Camille Malbezin and Oriana Castelli), is acquiring Distrimed, an online retailer of medical equipment and medical devices, in order to complete and consolidate its offerings on the market.

 

In 2023, Hygie31 will continue its expansion with the acquisition of Distrimed, a subsidiary of Bastide le Confort médical. This move reflects the determination of the group that owns the Lafayette chain to anticipate demographic trends and meet the growing need for home care.

 

“We are going to strengthen Distrimed and support its development. The company will continue to develop its BtoB activities and will become our online distribution base for medical equipment”. – Hervé Jouves, Chairman of Hygie 31.

 

With the integration of Distrimed, Hygie31’s digital offering will be enhanced by more than 6,000 references, including 20 new product families. This expansion will also open up access to healthcare professionals such as doctors and nurses.

 

Hygie 31 is acquiring all the shares in Distrimed, carrying out the transaction entirely in cash. This strategic takeover has generated enthusiasm within the network of brands, including pharmacies, parapharmacies, opticians and medical devices, which sees this transaction as a major opportunity. With this acquisition, the group headed by Hervé Jouve consolidates its presence while strengthening its digital activities, led by Dhygietal, the leader in online parapharmacy with sales of €80 million, as emphasised by Hervé Jouve, Chairman of Hygie 31.