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Eurazeo SE M&A Activity 2018

May 30, 2018

1302_iss_2018-05-30_fc8ae16f-d89c-4401-b693-63ac1d77a69a.pdf

M&A Activity

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EURAZEO PATRIMOINE ACQUIRES THE HIGHLIGHT REAL ESTATE COMPLEX FROM THE KAUFMAN & BROAD GROUP

Paris, May 30, 2018 - Eurazeo Patrimoine, the Eurazeo division specializing in investments in real estate and physical assets, is pleased to announce the signing of an off-plan sale with the Kaufman & Broad Group for a 24,000 sq. meter office complex located on the banks of the river Seine in Courbevoie. The total capital investment represents around €70 million, including a minority interest in partnership with the Decaux family's investment holding company.

Highlight is a real estate campus comprising three office blocks, restaurants and facilities (conference and fitness centers), built around an 850 sq. meter landscape garden. The complex is scheduled for delivery in the second quarter of 2021 and will house Kaufman & Broad's future headquarters of around 9,200 sq. meters. The remaining office space has yet to be commercialized.

Close to the La Défense Esplanade and overlooking Paris, Highlight has an attractive location within Europe's leading business district and is well served by public transport. The development of Highlight will add to the vitality and revival of La Défense. Forty percent of lease payments are already secured by an off-plan lease commitment signed by Kaufman & Broad, and Eurazeo Patrimoine, as asset manager, will oversee the commercialization of the remainder of the complex.

Renaud Haberkorn, Managing Partner and Head of Eurazeo Patrimoine, stated: "In a context favorable to Parisian office real estate, the acquisition of Highlight fits perfectly into our acquisition strategy focusing on added-value real estate assets. Drawing on the expertise of Kaufman & Broad, this promises to be an ambitious and innovative project. It will provide Eurazeo Patrimoine with a real estate asset that has genuine value creation potential, thanks to its attractive yield on acquisition and potential market rent increases prior to delivery."

About Eurazeo

With a diversified portfolio of approximately €16 billion in assets under management, including €10 billion from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paulo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five investment divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands – and through three Idinvest business divisions: Venture Capital, Private Debt and Dedicated Portfolio & Funds. 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. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

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  • Eurazeo is listed on Euronext Paris.

  • ISIN: FR0000121121 Bloomberg: RF FP Reuters: EURA.PA

EURAZEO CONTACTS PRESS CONTACT

CAROLINE COHEN HEAD OF INVESTOR RELATIONS E-mail: [email protected] Tel: +33 (0)1 44 15 16 76

STEPHANIE MARIA-BAJARD DIR. COMMUNICATION E-mail: [email protected] Tel: +33 (0)1 44 15 80 44

HAVAS PARIS Daniel Saltsman E-mail: [email protected] Tel: +33 (0)6 33 39 94 42

For more information, please visit the Group's website: www.eurazeo.com Follow-us on Twitter, Linkedin, and YouTube

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