Blackstone to acquire a minority stake in Groupe Premium from Eurazeo and Montefiore Investment for €400m.

The Blackstone Group agreed to acquire a minority stake in Groupe Premium, a provider of life insurance and retirement savings solutions, from Eurazeo, a private equity firm, and Montefiore Investment, an ivestment bank in Paris, for €400m. "Blackstone's financing equity will enable Groupe Premium to further accelerate its sustained growth trajectory by providing the company with enhanced resources. This transaction is a strong marker of the Group's strategic positioning and the exceptional quality of the execution of the strategy by Olivier Farouz and his team," Pierre Meignen, Eurazeo Managing Director.