Balderton Exits YOOX

Balderton Capital, a European venture capital firm, has listed YOOX Group, an Italian online fashion retailer, on the Milan stock exchange. Balderton Capital invested in YOOX Group in 2002 and was the largest institutional shareholder. Post the offering and new fund-raising, Balderton still remains the largest shareholder.

Trading in YOOX shares commenced on December 3, 2009 at EUR4.3 valuing the company at EUR260m. The share price ended the day up 8.37% at EUR4.66.

Balderton Capital invested in YOOX Group in 2002 and was the largest institutional shareholder. Post the offering and new fund-raising, Balderton still remains the largest shareholder – this continued commitment underscores the confidence in the YOOX Group’s growth prospects and in the ability of Federico Marchetti, the founder and CEO, to guide the company successfully through the next phase of its global development.

YOOX Group launched in 2000 and sells brands such as Marni, Diesel and Armani to customers in 57 countries. It also manages proprietary multi-brand and mono-brand online stores on behalf of fashion houses looking to offer their collections online. The company reported 2008 net revenues of EUR101.8 m.
For more information, please contact:

Powerscourt (PR to Balderton)

Victoria Palmer-Moore/Kay Larsen

Phone: +44 207 250 1446

victoria.palmermoore@powerscourtmedia.com

About Balderton Capital

Balderton Capital is one of the largest venture capital firms in Europe, committed to finding and helping talented entrepreneurs build great companies. Based in London, it manages $1.9 billion in committed venture capital.
Since 2000, Balderton has invested in over 80 companies, principally in numerous European countries but also in the US and Asia. Balderton’s investments span a wide variety of sectors including communications, consumer services, enterprise software and services, e-commerce, mobile, semiconductors, media and financial services.

Balderton invests in innovative businesses and approaches investment using the principles of teamwork and an intense dedication to building companies of lasting value. The investment partners combine international and Silicon Valley operational experience with company-building expertise.

Notable investments include Bebo (sold to AOL for $850m), Betfair (the online betting exchange), ScanSafe (sold to Cisco for $183m), LOVEFiLM (the home entertainment subscription service) and MySQL (sold to Sun for $1 billion).