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05/02/2018
Idinvest and Eurazeo join forces
Eurazeo and Idinvest Partners have announced the conclusion of a firm agreement that will create a private equity leader, with over €15 billion under management and serving the growth needs of companies in Europe and North America. Under the terms of this agreement, IDI, an investment company listed on Euronext Paris, has undertaken to sell its entire investment in Idinvest (i.e 51% of the share capital) to Eurazeo, which will subsequently own about 70% of the company, next to the Idinvest's management who will retain around 30%. The transaction represents a total investment for Eurazeo of approximately €230 million, setting an enterprise value of €310 million on Idinvest. Completion is subject to regulatory, competition and other conditions precedent. The parties have also signed intentions of buying and selling, with a view to Eurazeo gradually acquiring the remaining shares held by Idinvest's management over the coming years.

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