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Announced

Eurazeo acquired a 44% stake in Emergie from Naxicap for €90m.

Synopsis

Eurazeo Patrimoine, Eurazeo’s investment division specializing in real estate and companies operating their own real assets, acquired a 44% stake in Emerige, a major player in real estate development in Paris, from Naxicap for €90m ($100m). Renaud Haberkorn, Managing Partner, Head of Eurazeo Patrimoine, said: “We’re pleased to be able to support Emerige in this very strong growth phase by bringing Eurazeo Patrimoine's expertise to this emblematic developer. With this acquisition of a stake in Emerige, we position ourselves as far upstream as possible in the value creation process."

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