UGGC & Associés legal counsel to Oddo Asset Management and Entrepreneur Venture for their purchase into the capital of Bike Expand SA

Bike Expand, a company specializing in the bicycle sector, has just completed fund raising in the amount of EUR 3.3m from top ranking French venture capital investors. Oddo AM and Entrepreneur Venture are joining the founders and other private investors as shareholders of the company. Oddo Asset Management and Entrepreneur Venture have purchased shares in the capital of Bike Expand beside private investors, while the founders converted a significant portion of their current accounts. This transaction is strengthening the company’s equity and follows their capital increase in 2007. Oddo Private Equity belongs to the Oddo Group, focusing on two main activities: investment banking and asset management. Since 2006, the Oddo Group has launched a private equity activity with the determination to become a major player in capital investment. The team has invested in around 15 family owned companies, which is the core expertise of the Oddo Group. Entrepreneur Venture is an AMF approved management company specializing in investments in unlisted companies via FCPRs (Fonds Commun de Placement à Risque: venture capital mutual fund) managed on behalf of large institutional companies and FIPs (Fonds d’Investissement de Proximité: proximity investment fund). Their association ensures the funding of the development of Bike Expand activities: Oredon (bicycle equipment, located in Bidart - 64), Bike Industries (production plant, currently being built in Dijon – 21) and Bike4all (Internet portal dedicated to bicycles,located in Bidart – 64). Pascal Squercioni, partner, acted as counsel to Oddo Asset Management and Entrepreneur Venture for this transaction on all corporate law issues.