Eurazeo takes full ownership of French private equity firm Idinvest Partners

Eurazeo has agreed to take full ownership of French private equity firm Idinvest Partners by acquiring the remaining 20% it previously didn’t own from Christophe Bavière, Benoist Grossmann and their partners.

The global investment company said that the acquisition, which as per the terms of a deal signed in 2018 was to be completed in successive stages in 2021 and the following year. The full acquisition, which has been executed much before that, is said to consolidate the organization of the group to promote its strategic project.

Furthermore, it will help all the companies in the portfolio to take complete advantage of Eurazeo’s variety of financial and human resources and enable the new entity to make use of its teams’ strength and complementarity in investment, fundraising, and operational expertise.

The acquisition will be wrapped up by the end of this year with payment to be mainly made in cash.

Virginie Morgon – CEO of Eurazeo said: “The acquisition of all of the capital of Idinvest is a logical step. The decision to accelerate the operation confirms the mutual ambition of Idinvest’s partners to fully engage in the Group’s strategic project and become a European leading benchmark for companies at every stage of their development.

“With this operation, Eurazeo is offering its shareholders, partner investors and the management teams of our portfolio companies the strength of a unique and integrated Group that has diversified into four asset categories and is made up of expert teams in 10 countries. I am delighted that we have been able to accelerate this operation.”