Eurazeo / 2019 Universal Registration Document
Activity during the year and outlook
Eurazeo Brands Eurazeo Brands invested in Bandier , a luxury, multi-brand, • activewearretailer, offering the latest trends in fashion and fitness. The brand was founded in 2014. Today, the company has seven retail stores in key U.S. markets and a strong e-commercebusiness which accounts forapproximatelyhalf of the company’s revenue. Eurazeo Brands invested US$40 million in Q Mixers, a premium • carbonatedmixer brand based in New York.This is EurazeoBrands’ fourth investment since May 2017, and its first investment in the food and beveragesector. Eurazeo Brands invested US$60 million in Herschel, a Canadian • lifestyle brand headquartered in Vancouver and known primarily for its iconicbackpacks soldin over 90 countries. Eurazeo Brands strengthenedits Europeanstrategywith a new • teambasedin Paris. Eurazeo Growth Eurazeo Growth entered the share capital of ManoMano , an • online marketplace specializing in the sale of DIY, home improvement and gardening products. It contributed €50 million to a €110 million financinground. EurazeoGrowthacquireda minoritystakeinMeero , the start-up • that is revolutionizing the professional photography industry by enabling customersto access personalizedphoto and video offers worldwide, while facilitating the everyday work of photographers. Eurazeo Growth contributed €56 million to the €230 million funding round. EurazeoGrowth acquired a minority stake in Adjust , the leader • in mobile attribution, measurement and fraud prevention. As part of the company’s expansion, it contributed €60 million as lead investor inthe funding round. EurazeoGrowthacquireda minoritystakein Payfit , the leader in • payroll management and HR solutions for SMEs. It contributed €35 millionas lead investorto a €70 million financing round. Eurazeo Growth announced the closing of its Idinvest Growth • Fund II fundat €340 million. Eurazeo Growth reinforced its team, continuing its expansion • across Europe. EurazeoGrowthaccompanies17 Next 40companies . • Eurazeo Patrimoine EurazeoPatrimoineacquiredthe EustonHouse office building in • London, alongside Arax Properties. The Euston House office building, which is a freehold, was acquired for approximately €105 million, with a Eurazeo equity investment commitment after financingof around€40 million. Eurazeo Patrimoine acquired a 44% stake in Emerige for • approximately €90 million. Founded in 1989, Emerige is a major player in realestate developmentin Paris and its region. Idinvest Venture completed 30 new investments, primarily in • Europe, but also in Asia and the United States. In the Digital sector it notably invested in Ornikar, an online driving school, Malt, a digital freelance platform, and Alsid, an Active Directory infrastructure protection specialist. In the Smart City sector, Idinvest financed Glovo, an on-demand delivery service and the second Spanish unicorn,Heetch, a VTCapp andDSTcar,a Chinese delivery service platform for electric vehicles. Finally, in the Idinvest Venture
Healthcare sector and alongside Kurma Partners, Idinvest invested in M Pharma in the Netherlands, a biopharmaceutical company developing recombinant alkaline phosphatase for clinical use, ImCheck Therapeutics, an emerging player in immunotherapy for cancers and autoimmune diseases, and DNA SCRIPT, a biotechnologystart-up. Idinvest Venture announced the final close of its Idinvest • Digital Fund III at €350 million. This fund follows the time-tested strategy of financing European technology companies that combine innovation with strong growth. It surpassed the initial funding target of €300 million and exceeded the volume of the predecessor fundby over100%. Idinvest Venture raised €45 millions from distribution • networksduringits annualFCPI campaign . Idinvest Venture was named the Best European Venture • Capital Fund at the Private Equity Exchange& Awards in Paris, rewarding the capacity of its teams to adapt to new opportunities and a constantly changing environment. With 28 Series A deals between 2016 and 2019, Idinvest Venture • was named Top VC Investor in European Series A deals by PitchBook. Idinvest Privatedebt Idinvest’s Private Debt financed 62 investments, including • 39 new deals for around €1 billion , among which Netgo (IT systems supplier), 3P Biopharmaceuticals (biopharmaceuticals manufacturer) and Vulcain (services consulting company specialized inthe energy and environmentsectors). Idinvest Private Debt conducted 40 total or partial • divestments, including Scalian (engineering consulting firm), Sogelink (leader in applied solutions for worksites) and Konecta in Spain (CRMsolutions company). Idinvest Private Debt announced the closing of its first ISIA • fund, used to finance industrial SMEs, in the amount of €340 million. It exceeded by 13% the initial fundraising target set at €300 million. The ISIA fund signed a strategic alliance with the • Haut-de-Franceregion, the second most industrializedregion in France. This partnership, signed with Xavier Bertrand, a former government minister and President of the Haut-de-Franceregion, is the first of its kind between an investment fund and a public/state entity. The objective is to propose an innovative tool enabling industrial SMEs to access lease financing for their machines and tools and modernize their equipment without impacting theircash. The Idinvest Private Debt team received the Best Small Deal • prize at the 2019 Private Equity Wire Awards. This prize recognized its investment in Acolad, formerly Groupe Technicis, the European leader in professional translation located in 14 countries across 3continents. Private Funds Group Idinvest Private Funds Group invested €350 millions in eight • secondarytransactions. Idinvest Private Funds Group performed nine primary fund • investments and five direct co-investments for a total of €200 million. Idinvest Private Funds Group distributed €165 million to its • investors.
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2019 UNIVERSAL REGISTRATION DOCUMENT
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