Eurazeo / 2019 Universal Registration Document

Activity during the year and outlook

Activity during the year and outlook 2.1

Acquisition of Elemica , a leading cloud-enabled digital supply • network. Eurazeo’s investment will support Elemica’s expansion and global growth strategy into new industry verticals, geographies and product offerings. Founded in 2000 by a group of leading global industrial companies, this cloud-based digital supply network manager proposes SaaS solutions enabling customers to connect, automate their commercialexchanges and have fullvisibilityof theirsupply chain flows. Under the impetus of Eurazeo, the Neovia group underwent a profound transformationover the past three years, and accelerated its expansion both internationally and into higher added-value businesses. During Eurazeo's investment period, the company carried out over 15 acquisitions in various geographies, increasing revenue generatedoutside Europefrom52% to nearly 75%. The deal generatedsales proceeds of €225 millionfor Eurazeo and its investorpartners, including€170 millionfor Eurazeo, i.e. , a return on the initial investmentof nearly 2x and an Internal Rate of Return (IRR) of almost 20%. Eurazeo completes its eight-year mission alongside Moncler • with the sale of its remainingminoritystake in the leading luxury international outerwear & accessories brand Eurazeo’s investment in Moncler generated proceeds of €1.4 billion and a cash on cash multipleof 4,8x and IRR of 43%. On our last placement,our cash on cash multiple is close to 10x. The sale marks the highly successful culmination of a long and fruitful relationship between the investment firm and Moncler, founded in the French Alps in 1952 and today headquartered in Italy and controlled and led by its Chairman,Remo Ruffini. Sale of the entirestake in Elis • Over its entire investmentperiod, Eurazeo realized a capital gain of nearly €440 million and a cash-on-cash multiple of 1.9x its initial investment. Since Eurazeo’s investment in Elis in October 2007, Elis benefited from Eurazeo Capital’s expertise and support for its transformation,in particular with respect to the implementation of international strategic and transforming transactions. In a little over 10 years, Elis multiplied its revenues nearly fourfold and has become a worldwide group, leader in the rental, laundry and maintenance of textilesand hygiene appliances. Eurazeo PME Eurazeo PME sold its stake in the restaurant chain, Léon de • Bruxelles . The deal generated total proceeds of €24.9 million for Eurazeo PMEand a multipleof 1.5x. Eurazeo PME sold its investmentin Smile. Divestment proceeds • totaled €108 million, representing a multiple of 2.3x the initial investmentand an IRR of 43%. EurazeoPME reinvested€30million in the latest financinground as a minorityshareholder. Disposals EurazeoCapitalsold its investmentin Neovia •

HIGHLIGHTS 2.1.1 The Group: recordfundraising year with €2.4 billion subscribedby investment partners. The Group’s appealwith investors is confirmed Eurazeo was selected by the Chinese sovereign fund, CIC • (China Investment Corporation), to manage the France China Fund dedicated to French and European companies seeking to expand rapidly in China. Eurazeo will be responsible for managing the fund, as well as choosing and managing the investments. Eurazeo’s selection recognizes the high quality of its investment teams and its strong presence in China, where it has been located since 2013 and currentlyhas a teamof eightprofessionals. Eurazeoentereda strategicalliancewithMCH , a leading Iberian • middle market private equity fund manager. Eurazeo acquired a 25% minority stake in MCH and will also participate as an investment partner in the MCH V fund. This partnership is a new step towardsEurazeo’slong-termambitionto grow its international network. The strong investment strategy alignment between Eurazeo PME and MCH, combined with the complementarities across their networks will materially enhance the value created for their portfolio companies and investment partners. MCH will have access to Eurazeo’s international network and the expertise of its Digitaland CSR teams. The Eurazeo Group opened an office in Seoul , bolstering its • teams in Asia. Present in China since 2013, the Group strengthened its Asian foothold with the opening of a new office. This new location is part of a strategy to speed up the Group’s expansion in Asian markets and facilitate access to these markets for the companies it supports. Eurazeo is already very active in the South Korean market through Idinvest Partners, which has maintained close relations for several years with South Korean institutional investors, such as pension funds, businesses and other leading institutional clients. Eurazeo created a Digital Committee within the Supervisory • Board , charged with: discussingthe Group’sdigital strategy with management; • acceleratingthe integrationof digital into the Group’s operating • activitiesto lever growth; overseeingand analyzing thedigital environment; • assessing cyber risks and the relevance of measures • implemented. Eurazeo Capital Successfulfundraisingfor EurazeoCapital IV: close to €700 million was subscribed by investment partners under a global €2.5 billion investmentprogram. Investments Eurazeo Capital invested in DORC , a global leading specialist of • vitreoretinal surgery. Headquartered in the Netherlands, DORC designs, manufactures and distributes ophthalmic surgery equipment, consumables and instruments worldwide. It enjoys strong market positions notably in Germany, Western Europe, and more recently in the United States. The company has a reputed brand and is recognized for its expertise in innovation. It enjoys stronggrowth in thebuoyant ophthalmicsurgery market.

EURAZEO / 2019 UNIVERSAL REGISTRATION DOCUMENT

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