Announced
Completed
Financials
Sources
Tags
Minority
Acquisition
Private
Completed
Friendly
Private Equity
France
private equity
Private Equity
Single Bidder
Synopsis
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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