Eurazeo, through its Mid-large buyout1 team and its affiliates, have signed an agreement to invest in Eres Group (the Group) and acquire a majority stake from the IK VIII Fund managed by IK Partners (IK), alongside the company’s management team and employees.Completion of the transaction is subject to obtaining relevant regulatory approvals.
Definitive financial information will be disclosed once the transaction has been completed.
Established in 2005, Eres is the leading French independent player in the advisory and structuring, asset management and distribution of employee profit sharing plans (PEE, PERECO), retirement schemes (PER) and employee shareholding plans. Headquartered in Paris, Eres distributes its products through a network of more than 6,600 distributors (wealth management advisors, insurance brokers, accountants) and addresses directly Mid-sized companies and large groups.
Eres represents Eurazeo’s latest investment in financial services, one of its three key sectors of focus. Eurazeo will support Mathieu Chauvin, CEO of Eres, Alexis de Rozières, Managing Partner of Eres, and the rest of the management team to pursue its proven growth strategy. In the period from 2018 to 2023, the Group’s assets under management have increased from €2.4bn to €6.7bn. The investment from Eurazeo is expected to enable Eres to further consolidate its leading position in a growing market driven by structural tailwinds and further expand in adjacent markets.
EURAZEO’S DEEP EXPERTISE IN FINANCIAL SERVICES
With almost €3bn invested in financial services in over 30 companies across all stages of their lifecycle, Eurazeo has developed a strong expertise in this sector with a team composed of over 30 global investment professionals across strategies (Venture, Growth and Buyout). Eurazeo’s unique “investment flywheel” has led to deep industry knowledge and key relationships across the financial services sector.
Maxime de Bentzmann, Co-Head - Mid-large buyout, said:
“We have been tracking the Eres opportunity for a long time and are impressed by the growth trajectory of the company over the recent years. We are convinced that the Group has tremendous potential across its core market and adjacencies, both organically and through M&A”.
Mathieu Chauvin, Eres CEO, stated:
“The Eurazeo DNA focused on culture, agility and growth ambitions resonates strongly with Eres values, making Eurazeo a clear partner of choice for our next stage of growth. We are excited to partner with them and leverage their deep sector expertise and transformational growth experience. We also want to thank the team at IK for their outstanding support over the last few years.”
Rémi Buttiaux, Managing Partner at IK Partners and Advisor to the IK VIII Fund, added:
“Eres has almost tripled in size during our five-year partnership with them. Through operational improvement initiatives, significant investment in its people, digitalisation of the product offering and add-on acquisitions, the Group has cemented its position as a leading player in the French fintech market. We wish Mathieu, his team and their new owners every success in the next stage of the Group’s development.”
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