Eurazeo secures €340M in commitments from institutional investors

A group of institutional investors in Europe and North America agreed to provide €340 million in additional investment capacity to Eurazeo SE for its growth strategy.

The investors will commit to a newly formed continuation fund that will acquire a 32% stake in Eurazeo Growth assets which were financed through the Eurazeo balance sheet. Eurazeo will hold on to the remaining 68% of these assets and maintain full control through the management of the continuation fund.

Eurazeo will receive cash proceeds of €215 million through the transaction, which is expected to close in the first quarter.

The commitments received for this transaction will fund the acquisition of the 32% stake and provide follow-on capital for the relevant portfolio companies, and fund new investments by the Eurazeo Growth team.