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Announced

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

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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