Global Asset Capital has beaten a rival offer from Albert Frère to win control of Viventures Partners, Vivendi Universal's early-stage technology investment management vehicle.

The Boston-based venture capital house's offer, valued at €9m ($9.5m), is backed by Hamilton Lane, the US private equity fund of funds manager with €4bn in assets under management. The success of the offer is subject to approval from the Commission des Opérations de Bourse, the French markets regulator.

Global Asset Capital gains control of Viventures

Guy Paisner in Paris

Vivendi

Hamilton Lane

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