Great success of Groupe Concoursmania's IPO, offering 3.5x oversubscribed

Great success of Groupe Concoursmania's IPO, offering 3.5x oversubscribed

News published on May Tuesday 17, 2011
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Paris, May 17th 2011 – Bryan Garnier & Co, the Paneuropean Investment Bank specialized in growing companies, announces today the success of Groupe ConcoursMania’s Initial Public Offering (ISIN: FR0011038348 – Mnemonic : ALGCM) on the Alternext market of NYSE Euronext Paris. Bryan Garnier & Co acted as Sole Bookrunner and Listing Sponsor on this operation.

ConcoursMania raised €9.2m and has the ability to exercise an over-allotment option that would raise this amount up to €10,5m. The price was set at €10 per share, i.e. the upper limit of the indicative price range for the initial public offering (8.5€ – 10€).

On this basis, Groupe ConcoursMania’s market capitalisation amounts to approximately €31.5 millions on IPO completion and before potential exercise of the over-allotment option, with a 29.2% free float. The offer is composed both of a Public Offering to Institutional investors (90% of the offer) and a Retail Public Offering to the Public (10% of the offer).

The offering was oversubscribed more than 3.5 times.

Groupe ConcoursMania creates marketing and promotional campaigns using online gaming for companies. Groupe ConcoursMania also publishes its own online games for the general public. Groupe ConcoursMania brings innovative solutions to the market and consistently benchmarks the online gaming market. In 2011, Bryan Garnier & Co expects a turnover of € 11 million, with more than 20% of operating profit.

The funds raised will allow Groupe ConcoursMania to implement its development plan and will provide the necessary financial resources notably:

  • To pursue its offensive strategy of targeted acquisitions:
    • to add BtoC sites to its existing portfolio;
    • to expand in Europe.
  • To support the Company’s organic growth:
    • to strengthen the teams;
    • to invest in marketing and technological tools;
    • to gain greater visibility among key accounts and agencies.

Julien Parrou, CEO of ConcoursMania stated: "We are delighted with the great success of our IPO. This will allow Groupe ConcoursMania to speed up its growth and to implement its European ambitions. I would like to thank the Bryan, Garnier & Co’s team. They have shown a very professional expertise and strong implication in the structuring and the execution of the transaction."

Mathieu Daouphars, Director at Bryan, Garnier & Co, declared: "ConcoursMania’s IPO is a great success, with an oversubscription rate of more than 3.5x. Internet IPOs are back. This transaction demonstrates that this trend, initiated in the US over the past months, is currently coming in Europe. ConcoursMania equity story, with its solid business model enabling growth and strong profitability, seasoned management team and clear growth strategy, has seduced the market."

Virginie Lazès, Head of Corporate Finance at Bryan, Garnier & Co, added: "This second IPO in 2011 operated by Bryan, Garnier & Co demonstrates our capability to advise and support Internet growth companies, on both private transactions (M&A and Private Placement) and public transactions (IPOs, follow-on, public takeover, etc.)."

For more information, please contact:

About Groupe ConcoursMania: www.concoursmania.com

Groupe ConcoursMania creates marketing and promotional campaigns using online gaming for companies. Groupe ConcoursMania also publishes its own online games for the general public. Groupe ConcoursMania brings innovative solutions to the market and consistently benchmarks the online gaming market. In 2010, Groupe ConcoursMania reported a turnover of € 7.5 million, with 20% of operational profit.

About Bryan, Garnier & Co

Bryan, Garnier & Co is an independent investment bank specialized in European TMT, Healthcare and Renewable Energies growth companies. Bryan, Garnier & Co is positioned in three activities: Equity Research & Brokerage, Asset Management and Corporate Finance. With more than 120 professionals based in London, Paris, New York and Geneva, Bryan, Garnier & Co. combines the range of services and the expertise of top-tier investment banks with the level of attention to clients of a boutique. Through its corporate finance practice, Bryan, Garnier & Co has became a leader in advising European growth companies on strategic finance transactions such as mergers & acquisitions, equity capital market, LBOs and private placement over the last three years. Bryan, Garnier & Co is authorized and regulated by the Financial Services Authority (FSA) in the United Kingdom, and is member of London Stock Exchange and Euronext, Alternext Listing Sponsor, and is active on all European capital markets.

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