Aravis leads Series B financing in Evolva SA Totalling CHF 44 M followed by a reverse merger of Evolva with Arpida
16-Dec-2009
- Switzerland
Aravis announced that it has co-led a highly complex transaction involving the second closing of a total Series B financing of CHF 44 M (USD 43 M) in Evolva SA and the reverse merger of Evolva SA with Arpida Ltd. The merged company was listed on the SIX Swiss Exchange as Evolva Holding SA.
Aravis first invested in Evolva SA when the fund led a CHF 21.8 M (USD 21.1 M) Series A round in August 2004/5. At that time Aravis was also instrumental in moving Evolva to Allschwil (Basel) in Switzerland. Aravis then went on to lead a second closing of this Series A to the value of CHF 12 M (USD 10.3 M) in December 2006.
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