Eurazeo delays fundraising by up to nine months

The GP's Eurazeo Growth Fund III held an interim close on €155m in December 2019 and was previously expected to hold another close in Q1 2020 and a final close by the end of 2020. 

The GP, at its annual shareholders' meeting on 30 April, said there will be little investment and divestment activity throughout the first half of 2020.

However, it said it was possible that more acquisition opportunities might arise during the second six months of the year, or in 2021, and that it will seize these when they come up. 

The PE house also announced measures it was taking to tackle the coronavirus outbreak. These include the GP cancelling 2019 dividend payments to its shareholders, freezing recruitment, and drawing €400m from its €1.5bn syndicated credit facility. 

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