Who exactly is Jamplant Ltd.?
Monday, November 24th, 2008
Last week TechCrunch announced the rumored sale of European price comparison shopping site Kelkoo for less than 100 million euros to investment group Jamplant Ltd. The sale was notable given Yahoo unloaded the site for 375 million euros less than what it paid for it in 2004. But who exactly is Jamplant?
Most media bytes on the transaction describe Jamplant as a private equity firm. However this suggests some transaction history and possibly other portfolio companies. The only available info on Jamplant is that the Group consists of several angel investors interested in the price comparison shopping space (talk about narrow), so who know’s what the full story is. Either way, have to credit Jamplant for executing a private equity deal in these turbulent times. Just wonder if their name will emerge attached to another.