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.