Eurazeo is pleased to announce the acquisition of a 70% Stake in Idinvest Partners. This follows the announcement on February 5, 2018 of a final agreement between the parties In which IDI, an investment company listed on Euronext Paris, undertook to sell its entire investment in Idinvest, i.e. 51% of the share capital.
Founded in 1997, Idinvest Partners has financed nearly 4,000 European companies via its three business lines: Venture & Growth Capital, Private Debt and Dedicated Portfolios & Funds(including secondary transactions).
The company manages €7 billion for insurance companies and leading institutional investors, as well as 80,000 private individuals. Idinvest Partners draws on its experience and expertise in numerous sectors to support entrepreneurial development projects. This transaction is an integral part of Eurazeo’s long-term strategy to become the partner of trust for businesses and entrepreneurs at all stages of their development. It also supports its dual business model by developing third-party fund management.
A share acquisition price of €230 million was paid on completion of the deal, valuing Idinvest at €310 million. Idinvest will retain management autonomy and an unchanged management team, which will continue to hold 30% of the capital.
With a diversified portfolio of approximately €15 billion in assets under management1, including €9 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 business divisions– Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands – and its Idinvest business divisions. 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.
1 proforma of Idinvest and Rhône
Eurazeo is listed on Euronext Paris.
Bloomberg: RF FP
About Idinvest Partners
With €7 billion under management, Idinvest Partners is a leading pan-European private equity firm focused on the mid-market segment. Idinvest Partners has developed several complementary areas of expertise including growth capital investments in innovative European start-ups; mid-market private debt (unitranche, senior loans and subordinated financing); primary and secondary investments in unlisted European companies and private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly part of Allianz until 2010 when it became an independent firm.