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Announced

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

Financials

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Transaction Value£80m
Consideration Type-
Capital Owned-
Capital Bid For44%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Pending

Acquisition

France

property development

Private

Real Estate Holding and Development

Private Equity

Synopsis

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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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