Eurazeo in talks to buy Idinvest

According to French daily Les Echos, Idinvest's valuation is in the region of €300m. Eurazeo, IDI and Idinvest declined to comment on the matter.

In October, unquote" reported that majority shareholder IDI was exploring options to sell its Idinvest stake. IDI currently owns a 51% majority stake in Idinvest, with managing partners Christophe Bavière and Benoist Grossmann holding the balance. Investment bank Messier Marris was appointed by IDI to advise on a potential sale. The new backer will support Idinvest in its next growth phase, in the wider context of internationalisation and consolidation taking place within private equity.

IDI orchestrated the spin-out of AGF Private Equity from Allianz in 2010 with a €27m investment, leading to the creation of Idinvest. The latter has now considerably extended its reach, both as a GP and a fund-of-funds, with particular inroads made in the venture and credit spaces. Idinvest currently manages €8.4bn.

Eurazeo is a Euronext-listed investment company with AUM of approximately €7bn, of which €1bn is from third parties. Virginie Morgon was recently appointed as CEO of the firm, as of March 2018.

Click here to view a full profile of Idinvest as an LP. For a detailed breakdown of the firm's direct investment strategy, click here. 

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• Topics
• LPs
• France
• Financials
• IDInvest Partners (AGF Private Equity)
• IDI
• Eurazeo