Eurazeo buys 30% stake in Rhône

Rhône partners have committed to become Eurazeo shareholders, acquiring two million shares as part of the deal.

Three Eurazeo representatives will serve on Rhône's board of managers while one Rhône representative will serve as an observer on the Eurazeo supervisory board.

Each firm will continue to operate independently and will maintain full discretion over their investment decisions. The transaction is expected to close in the first half of 2018.

Eurazeo is a Euronext-listed investment company with assets under management (AUM) of approximately €7bn, of which €1bn is from third parties. It recently announced deputy CEO Virginie Morgon will be promoted to CEO as of March 2018.

Company 
Rhône Partners is a GP with AUM of €5bn across both its private equity business and its real estate joint venture with WeWork, a collaborative workspace specialist. The GP held a final close for its fifth buyout fund, Rhône Partners V, in July 2015 with capital commitments of €2.6bn, exceeding the fund's €1.8bn target, according to unquote" data.

People
Eurazeo – Patrick Sayer (CEO); Virginie Morgon (deputy CEO).
Rhône Partners – Robert Agostinelli, Steven Langman (co-founders, managing directors).

Advisers
Company – Kirkland & Ellis, Paul Watt, Sarkis Jebejian, Clement Smadja, David Grenker (legal). 

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

• Topics
• Expansion
• France
• Financials
• France
• Eurazeo
• Rhone Capital