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Eurazeo SE — M&A Activity 2017
Jan 25, 2017
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M&A Activity
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PARIS, JANUARY 25, 2017
EURAZEO BOOSTS ITS INVESTMENT IN VESTIAIRE COLLECTIVE
Via Eurazeo Croissance and new fundraising of €58 million, Eurazeo is investing a further €12.5 million in the French success story Vestiaire Collective, the leader in top-of-the-range and preowned luxury clothes and accessories.
Created in 2009, Vestiaire Collective is a community platform on which members can buy and sell top-ofthe-range and pre-owned luxury clothes and accessories. The undisputed leader in Europe, it has also been present in the United States since 2015, where its expansion has been impressive.
A shareholder since September 2015, Eurazeo Croissance is extending its support of Vestiaire Collective, bringing its total investment in the company to €32.5 million. The funds raised will allow Vestiaire Collective to accelerate its growth in Europe and the United States and expand its geographical coverage to new markets such as Asia, thus consolidating its global leadership.
Eurazeo Croissance, the equity growth division of one of the leading listed investment companies in Europe, assists high-growth companies as a minority shareholder, particularly in sectors driven by digital transformation and focusing on changes in lifestyle and consumption. Eurazeo Croissance plays a lead role in raising funds of several tens of millions of euros, thus enabling its portfolio companies to scale up their size. In addition to its financial backing, Eurazeo Croissance provides its expertise as an investment company and its extensive international network to accompany and substantiate the long-term ambition and vision of entrepreneurs. Among the firms accompanied by Eurazeo Croissance are Farfetch, Vestiaire Collective, PeopleDoc and Younited Credit.
Yann du Rusquec – Managing Director, Head of Eurazeo Croissance, stated: "We are pleased to renew our confidence in the management team of Vestiaire Collective and further accompany this entrepreneurial venture in its international development, particularly in the United States and Asia. Vestiaire Collective has all the strengths and resources necessary to increase and consolidate its leadership on a global scale in a booming sector."
About Eurazeo
With a diversified portfolio of approximately €5 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 four business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME and Eurazeo Patrimoine. 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 notably either a majority or key 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 Colisée, 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 MARIE-GABRIELLE SORIN [email protected] Tel: +33 (0)1 58 47 96 30
For further information, please visit our website: www.eurazeo.com
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