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Eurazeo SE — Capital/Financing Update 2017
Jun 1, 2017
1302_iss_2017-06-01_48c6a19a-8e6d-46cf-b7d3-6d8de3d5e2c1.pdf
Capital/Financing Update
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PARIS, JUNE 1, 2017
EURAZEO CONFIRMS ITS THIRD-PARTY MANAGEMENT STRATEGY AS EURAZEO PME SUCCESSFULLY CLOSES A THIRD FUND
Eurazeo, one of the leading listed investment companies in Europe, confirms the ramp-up of its thirdparty management activity with another successful fundraising, this time by the Eurazeo PME team.
The Eurazeo PME III fund has just completed its first closing, raising funds of €586 million. Institutional investors provided €186 million and Eurazeo contributed €400 million. This transaction significantly strengthens the SME division's investment capacity already bolstered in March 2015 by the Eurazeo PME II fund when €520 million was raised, including €156 million provided by third parties.
Virtually all Eurazeo PME II investors sought to participate in this new fund. They were joined by new investors from France, Europe and the United States. The fund remains open to new subscribers.
Following up on Eurazeo Capital's fundraising at the end of 2016, this success demonstrates the drawing power of Eurazeo's different investment strategies. This third fundraising since 2015 brings total funds raised over this period to nearly €900 million.
This flourishing activity increases the Group's investment capacity while preserving its model which combines balance sheet equity and co-investors. It also enhances Eurazeo's network and providesrecurring revenue flows.
"We are delighted that international professional investors have once again recognized the expertise of Eurazeo's teams," said Virginie Morgon, Deputy CEO of Eurazeo. "We continue to develop our fundraising activity, confirming its relevance through the added-value provided to both our co-investor partners and Eurazeo."
"This new investment capacity will help us support the growth of French and European SMEs," added Olivier Millet, Chairman of the Executive Board of Eurazeo PME. "Our investors' international profile is yet another advantage for accelerating the development of Eurazeo PME's companies and supporting them on the road to international growth."
About Eurazeo
With a diversified portfolio of approximately €6 billion euros in diversified assets and €1 billion in assets under management, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is a shareholder in AccorHotels, ANF Immobilier, Asmodee, CIFA, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, and also SMEs such as Péters Surgical, and Flash Europe International, as well as start-ups such as Farfetch and Vestiaire Collective.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121 - Bloomberg: RF FP - Reuters: EURA.PA
EURAZEO CONTACTS PRESS CONTACT
CAROLINE COHEN DIRECTOR INVESTOR RELATIONS E-mail: [email protected] Tel: +33 (0)1 44 15 16 76
ANNE-MARIE CRAVERO COMMUNICATIONS DEPARTMENT E-mail: [email protected] Tel: +33 (0)1 44 15 80 26
HAVAS WORLDWIDE PARIS RENAUD LARGE E-mail: [email protected] Tel: +33 (0)1 58 47 96 30
For further information, please visit our website: www.eurazeo.com