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Idinvest Partners

PRI reporting framework 2019

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Eurazeo is a leading global investment company. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Within the Group, Idinvest Partners represents 98 employees.

Its solid institutional and family shareholder base, robust financial structure, and flexible investment horizon enable Eurazeo to support its companies over the long term.

Beginning of 2018, the company accelerated its investment momentum by acquiring interests in Idinvest Partners and Rhône. Eurazeo operates in virtually all private equity markets on three continents and has a large portfolio of companies of various sizes and sectors, with a mix of ownership stakes.

Further to this acquisition, the Group Eurazeo is now composed of eight investment divisions organised in four main activities:

1. Private Equity

  • Eurazeo Capital
  • Eurazeo PME
  • Eurazeo Brands
  • Eurazeo Growth
  • Idinvest Venture

2. Private Debt

  • Idinvest Private Debt & Asset finance

3. Private Funds Group

  • Idinvest Secondary Transactions & Mandates

4. Real Assets

  • Eurazeo Patrimoine

It is to note that Eurazeo and Idinvest are currently working on harmonising their CSR/ESG strategy in this period of transition. Idinvest’s scope for this 2018 reporting covers part of current Eurazeo Growth; Idinvest Venture; Private Debt; and Private Funds Group.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

98 FTE

02.4. Additional information. [Optional]

Eurazeo is a leading global investment company with offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg, Frankfurt and Madrid.

Eurazeo's teams are composed of more than 235 employees, mostly operating in its French offices (Eurazeo's and Idinvest Partners' headquarters). Within the Group, Idinvest Partners represents 98 employees.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

04.5. Additional information. [Optional]

Following with the acquisition of Idinvest Partners, the Group manages a diversified portfolio of approximately €17 billion of assets, out of which over €11 billion are managed for third parties.

Following the conclusion of a firm agreement, Eurazeo became Idinvest’s majority shareholder and now owns 70% of the firm, alongside with Idinvest management (30%).

2018 being the first reporting exercise following the acquisition, each organization will provide separate PRI reports.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 10-50% 36 0 0
Private equity 10-50% 34 10-50% 30
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Eurazeo is a leading global investment company. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth.

Its solid institutional and family shareholder base, robust financial structure, and flexible investment horizon enable Eurazeo to support its companies over the long term.

1. Private Equity - Through its complementary business lines, Eurazeo operates in virtually all private equity markets and supports a large portfolio of companies of various sizes with a mix of ownership stages.

  • Eurazeo Capital - Based in Europe and the United States, Eurazeo Capital focuses on major market leaders (enterprise value of more than €200 million) by providing them with the financial, strategic and human resources to unlock their full growth potential: international expansion via business offices and networks, organic or external growth, and operating performance optimization.
  • Eurazeo Brands - Launched in May 2017 in the U.S., Eurazeo Brands invests in international high-growth potential brands in a wide range of sectors, including beauty, apparel, home, well-being, food and leisure. Its goal is to partner with experienced founders and management teams to boost brand development by drawing on Eurazeo's operating expertise, brand building experience and its global network. This investment division has teams in New York and Paris covering both the U.S. and European markets.
  • Eurazeo PME - Eurazeo PME invests in French high-performing small and medium-sized enterprises (enterprise value of between €50 million and €200 million) and provides support to strengthen their business model and transform them into global mid-caps, by triggering three primary levers: international expansion, digital transformation and external growth transactions. With the support of Idinvest in Germany and Spain, Eurazeo PME will be able to expand its business scope.
  • Idinvest Venture - Specializing in innovation capital and the digital sector, Idinvest Venture has financed the launch and growth of most European startups (Sarenza, Dailymotion, Leetchi, Criteo, Peakon, Wefox, Ontruck, etc.), thereby becoming an undisputed French and Euro VC player. Drawing on this expertise, it has developed valuable know-how in different web-based businessmodels and created a top-notch ecosystem.
  • Eurazeo Growth - Drawing on their complementarities, the Idinvest and Eurazeo teams have combined their respective expertise (healthcare, smart cities& mobility, digital, Fintech, etc.) within a common entity, Eurazeo Growth. Its role is to finance and support the growth of companies that are disruptive with regard to technology or usage by providing the necessary means for their development (international expansion, sales and marketing investments, external growth). With a well-established investment portfolio (Vestiaire Collective, Farfetch, Doctolib, Glovo, etc.), Eurazeo Growth has delivered steady and robust performances in the past, with IRRs exceeding 20%. This success is attributable to its extensive investment capacity (by successive tranches of €10 million - €50 million), international positions as well as its highly developed professional network and digital ecosystem that boost the division's selectivity.

2. Private Debt - Targeting companies that require flexibility for their development, the Eurazeo Group, via Idinvest, offers a comprehensive array of debt financing, providing businesses with the necessary flexibility for their development. This method of financing, which mainly focuses on the SME/Mid-cap market, is based on two levers, mezzanine/unitranche and senior debt. It mainly enables fast-growing companies to conduct acquisitions in France and Europe.

3. Secondary transactions and mandates - The Eurazeo Group builds, via Idinvest Partners, made-to-measure high-performing private equity asset portfolios, based on three complementary investment strategies: secondary transactions, primary funds, and direct co-investments. Idinvest Partners selects the best European market investment opportunities for around one hundred institutional investors.It invests in start-up (primary transactions) or developed (secondary transactions) private equity funds. It may also perform coinvestments, by investing directly in companies, most often alongside their management.

4. Real Assets - Mainly via Eurazeo Patrimoine, Eurazeo specializes in management and investment activities for high potential tangible assets, mostly real estate, that it radically transforms to generate attractive returns.It is to note that Idinvest Partners’, subsidiary of the Eurazeo Group, manages the Growth Capital, Venture Capital, Private Debt and Secondary transactions and mandates activities for the Group.

It is to note that Idinvest Partners manages three business lines (Idinvest Venture, Idinvest Private Debt and Idinvest Secondary transactions and mandates).

 


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

99 Developed Markets
1 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

Eurazeo's mission is to identify, develop and enhance the potential for growth of European and North American companies.

Some of the Group's funds and/or portfolio companies could be exposed to emerging markets but it does not represent a strategic allocation strategy.


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