Eurazeo readies Idinvest acquisition

According to a statement made on December 29, the investment company Eurazeo has entered into exclusive negotiations in order to acquire 70 percent of the capital of the management firm Idinvest, a move that could see the business double its portfolio.


Virginie Morgon (on the left), will take over from Patrick Sayer as the head of Eurazeo in March 2018. - Eric Piermont-AFP

According to a statement made by all parties involved in the transaction negotiations, following this deal, Eurazeo, which currently manages eight billion euros, would find itself responsible for around 15 billion euros worth of assets. “Idinvest would retain its management autonomy with an unchanged management team,” said the document.

Idinvest is currently controlled by the investment company IDI, manages close to seven billion euros worth of assets on behalf of insurance companies and large institutions as well as individuals. 

Idinvest was founded in 1997 under the name AGF Private Equity and the business has close to 90 employees in offices in Paris, Frankfurt, Milan, and Madrid. The company has in their portfolio interests in Vestiaire Collective, Arena, Hunkemöller, Sarenza, and Sensee.

The French company Eurazeo, which has offices in Paris, Luxembourg, New York, Shanghai, and São Paulo, is structured as five pillars all active in different segments of private equity. The business has interests in Desigual, Farfetch, and Moncler. 
 

Translated by Isabelle Crossley

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