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New Deal


Announced

Completed

AXA completed the acquisition of an additional 24% stake in Capzanine from Eurazeo for €82m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned22%
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Acquisition

Private

Completed

Friendly

Private Equity

France

private equity

Private Equity

Single Bidder

Synopsis

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AXA Investment Managers, an insurance company, completed the acquisition of an additional 34% stake in Capzanine,a French private-credit firm, from private equity firm Eurazeo for €82m. The deal will increase AXA’s stake in Capzanine to 46% from 22%. “Thanks to a disciplined investment strategy year after year, both in our equity and private debt strategies, we now enjoy the confidence of many institutional investors. We have chosen to strengthen our partnership with the AXA Group given its global footprint, in particular, to accelerate our international development,” Christophe Karvelis, Capzanine CEO and co-founder.

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