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.� Arkadin�s 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 Arkadin�s 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 company�s 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.� Arkadin�s key to success is the company�s 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 Arkadin�s 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.� UFG�s 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 comany�s live.
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