Eurazeo acquired Fintrax Group from Exponent Private Equity.

Eurazeo acquired Fintrax Group, one of the world’s leading providers of Tax Free Shopping and Dynamic Currency Conversion services, from Exponent Private Equity. Marc Frappier, Managing Director of Eurazeo, said: “Fintrax meets all our investment criteria: a fast-growing company, leading market positions and a strong business model based on the solid megatrends of the rapid expansion of the middle classes in emerging markets, growth in international travel and increasing luxury consumption. We are convinced that our experience in the luxury retail and travel & leisure sectors, as well as our international network, notably in China and Brazil, will be major assets in the acceleration of the development of the company. We are keen to support Patrick Waldron and his management team in the future growth of the group. ”