Private Equity Firm, UFG Private Equity Leads 200 Million EUR ($265,331,164.67) in Investment Round for Arkadin
Based in Paris, France, Arkadin announced that it had received a large round of venture funding of 200 million EUR ($256,331,164.67) led by new investor, UFG Private Equity.†† Arkadin is a company that offers a global audio web conferencing service.† Arkadinís products are user friendly, greatly improve communications and are even used by some of the Fortune 500 companies to communicate with their different offices and affiliates worldwide.†
Along with UFG Private Equity, other investors also participated in this round of funding.† UFG provided 5 million EUR ($6,633,279.16) and other investors include a pool of banks contributing 15 million EUR ($19,899,837.48).†† Proceeds of this funding will go to the development of Arkadinís services plus allow the company to build subsidiaries in more countries worldwide.†† Arkadin seems to be doing well in this time of economic downturn.† In 2008, Arkadin has made 70 million EUR ($92,865,908.26) which is 30% more than the companyís revenues of 2007.† Furthermore, last year Arkadin has reported its EBITDA of 12 million EUR ($15,919,869.99).†
According to Olivier de Puymorin, CEO of Arkadin, Arkadin has been a big success ever since its founding in 2001.† Having shown exceptional growth since its founding, Arkadin has become a vigorous company worldwide; opening over three subsidiaries each year.† So far, Arkadin has offices and subsidiaries on three continents.† Arkadinís key to success is the companyís innovative business model and a dedicated and extraordinary management team.†
Currently Arkadin operates in 22 different countries and has 32 offices in Europe, North America, and Asia.† In the future, Akardin plans to open an office in Brazil, which will be Arkadinís foot on a fourth continent -- South America.†
Proceeds from this funding will also go to boost research for more innovative technologies and services to facilitate internet conferencing.† The company currently employs over 500 people worldwide and intends to hire more as it continues to grow in the global markets.
UFG Private Equity is actually a branch of UFG Asset Management, which was founded in 1996 and is based in Moscow, Russia.† UFG manages a whole range of assets; including private equity, mutual funds, hedge funds, and real estate.† UFGís private equity branch is divided in two different branches.† The first branch is dedicated to private investments of companies and the other branch is dedicated to leverage buyouts.†† UFG in general manages over 290 EUR ($387,998,784.99).†† UFG has invested in over 40 different companies worldwide and has a great deal of experience in coordinating its investments to the ever-changing markets and this provides for successful investments at all levels of the portfolio comanyís live.
For more information about Arkadin, click here.