Draper Esprit PLC Investment in Clavis Insight (8852R)
December 15 2016 - 1:00AM
UK Regulatory
TIDMGROW
RNS Number : 8852R
Draper Esprit PLC
15 December 2016
Strictly Embargoed until 07.00, 15(th) December 2016
Draper Esprit plc
("Draper Esprit" or the "Company" or "the Group")
Investment in Clavis INSIGHT
Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital
firm involved in the creation, funding and development of
high-growth digital technology businesses, today announces that it
has acquired a significant minority stake in Clavis Insight
('Clavis'), the leading eCommerce insights company, for GBP8
million.
Following the investment Brian Caulfield, Managing Director of
Draper Esprit, will join the Board of Clavis.
Clavis Insight is the established global industry leader of
digital shelf analysis, insights and analytics enabling
manufacturers to track and optimise their online channel presence
and performance.
The company has offices in Dublin, London, Shanghai and Boston,
USA and is a strategic partner to hundreds of the world's largest
manufacturers and brands in CPG/FMCG, Beverages, Consumer Health
care, Nutrition, Electronics, Toy and Business to Business
industries. Their clients include nine of the top ten such as:
Unilever, Procter & Gamble, Kimberly Clark Corporation and
Nestlé. Their solutions provide comprehensive insights across
desktop, mobile web and mobile app platforms to the leading online
retailers in over 30 countries.
Simon Cook, CEO Draper Esprit commented:
"One of the reasons we listed Draper Esprit was to make larger
scale investments. The Clavis investment is a great example of
this. It is a fast-growing company with global reach and founded in
Ireland. We are really pleased to be working with the Clavis
management team to help them navigate their next phase of growth
and development."
*ends*
Enquiries
Draper Esprit plc
Simon Cook (Chief Executive
Officer)
Ben Wilkinson (Chief Financial
Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint
Broker
Alex Ham
Garri Jones
Richard Thomas
Paul Gillam
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
ESM Adviser & Joint Broker
Don Harrington
Linda Hickey
Dearbhla Gallagher +353 1 667 0420
Belvedere Communications
(PR)
John West
Kim van Beeck +44 (0)20 3567 0510
Notes to Editors
Draper Esprit (www.draperesprit.com) was founded in 2006, and is
one of the largest and most active VC firms in Europe, helping
entrepreneurs to build global ground-breaking technology companies
through hands-on board level support, internationalisation and
commercialisation activities and investment.
In 2016, with the support of new institutional investors and
existing shareholders, Draper Esprit transformed into a listed PLC
model (LSE: GROW.L, ESM GRW.I) to take a longer term, multi-stage,
patient capital approach. In recent years, Draper Esprit's exits
have generated more than $4.0 billion in combined enterprise
value.
Draper Esprit is the exclusive Western European member of the
Silicon Valley-based Draper Global Network, with offices around the
world and portfolio companies including Baidu, Skype, Space X,
Tesla and other world leading companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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