Eurazeo acquires French asset management boutique for €350m

Eurazeo, through its mid-large buyout team and their co-investors, has completed the acquisition of Eres Group for over €350m.

All necessary regulatory and competitive approvals have now been obtained, the European investment group said in a statement on 31 July.

The investment in Eres Group represents the 5th transaction for the ECV fund, which is now more than 40% deployed.

Founded in 2005 and based in Paris, Eres Group is a French independent player in consulting and structuring, asset management, and distribution of employee savings plans (PEE, PERECO), retirement plans (PER) and employee share ownership plans.

Eurazeo is investing alongside the management, employees and founders of Eres Group, with the shared ambition to build a leader by accelerating the company's growth through continued expansion, as well as capitalising on the company’s high level of expertise and the dynamism of the underlying market.

Eurazeo is a European investment group with €35.4bn in diversified assets under management, including €24bn on behalf of institutional and private clients through its private equity, private debt, real estate and infrastructure strategies.

The Group supports more than 600 mid-market companies, leveraging the commitment of its 400 employees, its sector expertise, its privileged access to global markets via 13 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth. The company's institutional and family shareholding structure, and its solid financial structure, ensure its long-term viability.

Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore, Tokyo and Sao Paulo.

It is listed on Euronext Paris.