Eurazeo plans Moncler disposal

The Moncler flotation had been planned for June 2011, but was pulled and postponed. The exit is expected towards the end of this year.

Eurazeo has accelerated the pace of exits in recent months, doubling its money on Edenred with an exit in March and selling Rexel in February. The firm posted a 16% increase in NAV in 2012.

Eurazeo acquired a 45% stake in Moncler in 2011 in a deal that gave the group an enterprise value of €1.2bn, or 12x EBITDA. The transaction saw existing shareholders Carlyle Group and the firm's chairman and creative director reduce their stakes in the company to 17.8% and 32% respectively. Mittel Private Equity retained a 5% stake.

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