EURAZEO_REGISTRATION_DOCUMENT_2017

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PRESENTATION OF THE GROUP

Joint interview

Our partnershipwith Rhône and our alliance with Idinvest will accelerate the creation of an international andmulti-strategy investment company. Virginie Morgon

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between permanent capital and third- party management and consolidate our investor network to become a benchmark for transatlantic companies and investments. Our alliance with Idinvest also strengthens our ability to provide financing solutions throughout the life cycle of companies in France and Europe, with private equity, growth capital, debt and funds of funds. We had initiated such a diversification in 2011, with the acquisition of OFI Private Equity Capital, now Eurazeo PME. Likewise, our partnership with Capzanine in 2015 followed this line of thinking. Our partnership with Rhône and our alliance with Idinvest will accelerate the creation of an international and multi‑strategy investment company. Q PS : These alliances are all the more relevant since they combine strategic and shareholder interests. Among the factors that will improve Eurazeo’s valuation on the financial markets are third-party management, management and performance fees received, risk diversification and better profit forecasts. In 2017, the relevance of this strategy was reflected by the disappearance of virtually the entire discount in relation to the net asset value. Our model is the

same as that of investment companies which, given the significance of the capital they manage for third parties, use a premium rather than a discount in treating the net asset value. R VM : Management for investor partners also enables us to boost our financial capacity to develop our partner and business networks, by reaching new

investors thanks to a doubling of the assets we manage, all of which increases Eurazeo’s investment opportunities. But this doesn’t only involve critical mass. Offering a wider range of business lines to our investors means they can diversify the placement of their capital with the same trusted partner. In this sector, relations are built over the very long term and confidence is central to our trade.

2017 Registration document

Eurazeo

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