NIF SMBC & NTT Finance invest in DiBcom
Transaction led by Clipperton Finance, acting as Sole Manager.
Clipperton Finance successfully leads a capital raising for DiBcom
Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of a capital raising for DiBcom, a semiconductor company and undisputed world leader of Mobile TV solutions. For this round, NIF SMBC Ventures and NTT Finance, two strategic Japanese companies have recently joined the company’s select group of investors.
NIF SMBC Ventures, leader of the round, is the largest private equity firm in Japan and a subsidiary of one of the major Japanese securities company and bank: Daiwa Securities Group, Inc. and Sumitomo Mitsui Financial Group, Inc.NTT Finance Corp., the investment arm and a strategic business development partner of NTT Group Companies, recognised as the number one telecom operator in Japan, has co-invested with NIF SMBC.
Through this investment, NTT Finance acknowledges DiBcom’s market leading position as a supplier of DVB-H solutions and by the same token the massive adoption of DVB-H by a large number of countries in Europe, South-East Asia, Africa and Latin America. Yannick Levy, DiBcom’s CEO, said, “DiBcom and its current investors are very happy to welcome the contribution of two of Japan’s leading venture capital firms. We are determined to fully assume our reputation as the market leader by deploying our proven technology on the largest Mobile TV market on the planet today – Japan”.
For its third operation managed for DiBcom, Clipperton Finance focused specifically on identifying and syndicating two tier-one Japanese investors, which would provide DiBcom with both financial and industrial value added on the Japanese market. “I am glad Clipperton’s team was able to help DiBcom attract NIF SMBC and NTT Finance as new shareholders, as these two investors could be instrumental in the company’s international development and specifically for the Japanese market”, said Nicolas von Bulow, Partner at Clipperton Finance.
DiBcom is at the heart of mobile TV. As a fabless semiconductor company that designs high-performance chipsets, DiBcom enables low-power mobile and portable TV reception everywhere and at speeds exceeding 200 km/h. The company’s solutions are used in automotive, PC/peripheral, mobile phones and other handheld devices. DiBcom has extensive experience solving real-world mobile digital terrestrial television (DTT) reception problems and has overcome the main technological barriers to high-quality service. The company has developed a number of patented algorithms and architectures for fast and accurate channel estimation and high Doppler compensation. Its chipsets are compliant with the current worldwide Digital Video Broadcast standards DVB-T, DVB-H, DVB-SH, T-DMB and ISDB-T. For more information, visit www.dibcom.com.
About Clipperton Finance
Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and advanced companies in the Software, Telecom, Components and Media/Internet spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have managed to structure numerous high level international transactions in the European High Tech sector.