Eurazeo backs Dominion with $680m in GP's first US deal

For Eurazeo, this is the first investment completed in the US since the firm opened its North American headquarters in New York last year.

Through the transaction, which will be completed in June this year, Eurazeo and GS MBD will each acquire a 50% equity stake in the business.

GS MBD is investing through the buyout fund West Street Capital, which launched in 2016 and held a first close on $4.5bn in December that year. According to unquote" data, the vehicle's hard-cap is understood to have been fixed at $8bn.

The fund is understood to have already made two investments, including the takeover of Norwegian boating equipment maker Navico and the purchase of $1.8bn in preferred securities aimed to finance Bass Pro Shops' $4.5bn takeover of Cabela.

The partnership will provide the company with strategic, operational and financial support for growth, Dominion said in a statement, with potential acquisitions planned in adjacent sectors and internationally.

Based in Norfolk, Virginia, Dominion Web Solutions provides a platform of branded marketplaces and digital marketing services for the powersport, RV, commercial truck and equipment industries. It is part of Dominion Enterprises – a media and information services company for the automotive and commercial vehicle, real estate, apartment rental and travel industries.

Previously owned by Landmark Media Enterprises, Dominion manages 10 different sub-groups and employs 300 people.

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• Topics
• Buyouts
• France
• United States
• Eurazeo
• Goldman Sachs