The terms of the transaction were not disclosed, but investors in Somos included Bpifrance, the French national investment bank, private equity firm Omnes Capital and XAnge, a Franco-German Venture Capital team that is part of Siparex, a leading French private equity group. Chairman Michael Faure also invested in the company in 2018.
"I am not authorized to disclose any amount as it is agreed this way with STM, but this is a positive exit for our investors," said Rousseau.
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