1. Home
  2. News, Deals & Insights
  3. Deal Announcements

DC Advisory advises Fnac Darty on the sale of its LP-stake in the Daphni Purple fund

Background

  • 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

Process

  • 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

Outcome

  • 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 

What to read next

Date
Sectors
  • Consumer, Leisure & Retail
  • Industrials
Deal type
  • Secondary Advisory
Deal locations
France
Deal team
UN SDG Activity
  • GOAL 12: Responsible Consumption and Production
Actions
Back to News, Deals & Insights

Disclaimer

For more information, please see our transaction disclaimer

For important information regarding testimonials, please see our disclaimer.

Contact form

Thank you!

Your message has been received by DC Advisory so you'll hear back from us soon.

We collect your personal data if you sign up to receive news or get in touch with us. This is collected by third-party firms on our behalf. We have three separate lists:

  1. DealCloud - which we use as our CRM. DealCloud privacy statement is available here: https://www.intapp.com/privacy/
  2. SalesForce - which we use as our CRM. SalesForce privacy statement is available here: https://www.salesforce.com/uk/company/privacy/
  3. Spotler - which we use to send email marketing campaigns. Spotler privacy statement is available here: https://spotler.co.uk/privacy-policy/

Application form

Application documents*
(Maximum file size of 10 MB. File types accepted: pdf or doc)
* Compulsory fields

Thank you!

Your message has been received by DC Advisory so you'll hear back from us soon.

Back to top