Eurazeo Sells its Stake in Capzanine to AXA
Eurazeo has announced the sale to AXA of its 22% stake in Capzanine, an independent European management company specializing in private investment. Since entering Capzanine’s share capital in October 2015, Eurazeo and AXA have helped Capzanine accelerate its growth in the debt and equity sectors and develop international partnerships. During this period, Capzanine has significantly expanded its business, increasing assets under management from €1.1 billion to €2.5 billion. This transaction is accompanied by the assumption by AXA and other investors of all Eurazeo commitments in funds managed by Capzanine, excluding an €8 million commitment in Capzanine Situations Spéciales. The transaction amount is approximately €82 million. This includes shares in the management company on which Eurazeo realizes a multiple of just over 3x the initial investment and fund shares recently subscribed by Eurazeo.
Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 225 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. 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 has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg and Madrid. o Eurazeo is listed on Euronext Paris. o ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA
Source: Eurazeo press release