Eurazeo posts sharp increase in AUM in annual results

The sharp increase in AUM was primarily driven by the acquisition of Idinvest and the signing of a strategic partnership with Rhône Capital.

In total, €15bn in assets are now managed directly or indirectly by Eurazeo. This breaks down into a NAV of €5.8bn in assets on Eurazeo's balance sheet, a NAV of €1.2bn in assets held directly by the funds and €8.5bn in total AUM from the two aforementioned transactions.

Eurazeo also launched its Eurazeo Brands division in New York, which completed its first investment – Nest Fragrances – while Eurazeo Capital also completed its first two acquisitions in the US.

After closing Eurazeo Capital II on €500m in January 2017, the Eurazeo Capital division recorded double-digit revenue growth for six of its nine portfolio companies: Asmodee, Fintrax, Iberchem, Novacap, LPCR and Trader Interactive. This resulted in an increase in EBITDA for its unlisted investments of 14.9%, up to €339m.

Eurazeo PME held a final close for its third fund on €658m in July and made three exits. It sold Colisée to IK Investment Partners for a 2.5x return and made partial realisations on Dessange and Petres Surgical following refinancings. This resulted in total EBITDA of €151m, up 19% from 2016.

Eurazeo Croissance and Eurazeo Patrimoine, the group's growth capital and real estate divisions, also both increased their NAV by 16% and 19% compared to 2016, respectively.

The strong performance across all business lines has led Eurazeo to propose a dividend of 125 cents per share and a bonus share grant of one new share for every 20 shares held.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Performance
• GPs
• Eurazeo
• France