SPEEDS UP: Eurazeo Acquires the Remaining Capital Of Idinvest Partners
Posted on 09/12/2020
Disclosed on September 10, 2020, Eurazeo, which already holds a 80% stake in the capital of Idinvest Partners, announced it has concluded an agreement to accelerate the acquisition of the remaining ordinary shares from Christophe Bavière, Benoist Grossmann, and their partners.
According to the press release, “This acquisition, which according to the terms of the agreement signed in 2018 was to be completed in successive stages in 2021 and 2022, consolidates the organization of the Group to promote its strategic project. It will enable every company in the portfolio to take full advantage of Eurazeo’s range of financial and human resources and allow the new entity to further make use of its teams’ strength and complementarity in investment, fundraising and operational expertise. The acquisition will be completed by the end of 2020. The payment will be made primarily in cash. A portion of the Idinvest shares will be contributed to Eurazeo, which will result in a limited capital increase representing less than 1% of Eurazeo current share capital. The specific terms of the operation will be set out in detail at a later stage.”