• Fnac Darty is a European leader in the distribution of entertainment and leisure products, technical products, domestic appliances and services
  • Based in Paris, Daphni is a venture capital firm investing in early-stage start-ups with strong international ambitions. The Purple fund is one of several vehicles managed by Daphni, and has 28 companies in its portfolio


  • DC Advisory was engaged by Fnac Darty to provide secondary advisory expertise on an LP-stake transaction
  • Fnac Darty sought early liquidity and to crystallize good performance levels from its investment in the Daphni Purple fund
  • DC Advisory acted as sole financial advisor to Fnac Darty in the divestment process of its commitment in the Daphni Purple fund


  • In June 2023, Fnac Darty signed an agreement with an international syndicate of buyers to divest its commitment in the Daphni Purple fund
  • This transaction was closed in June 2023
  • This transaction further illustrates DC Advisory’s expertise and ambition in the secondary space
  • Financials terms of the transaction were not disclosed