DOCSLIB.ORG

THE in OUR Smes

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
THE in OUR Smes INTEGRATED REPORT 2017 Unlocking THE tal nts IN OUR SMEs 2017 HUMAN CAPITAL FINANCIAL CAPITAL INDUSTRIAL CAPITAL INTELLECTUAL CAPITAL ENVIRONMENTAL CAPITAL HIGHLIGHTS Eurazeo PME III Acquisition of 4 new talents In’Tech Medical 3 new digital AROUND €3 M in the Eurazeo €658 M projects at in avoided costs were raised for the Eurazeo PME team PME III fund: €408 million from Redspher The portfolio companies are Eurazeo and €250 million from stepping up the roll-out of their The 3 digital projects Alexis, Florent and Charles third parties, including €20 million CSR strategies rolled out in 2017 enabled have joined the investment from private investors that chose Redspher to generate team and Margaux has French private equity additional revenues joined the corporate of €7 million team. In 2018, Anne will boost our competencies in management & organization Sale of Colisée Group 15 57% deals Eurazeo PME became a 57% shareholder completed SOCIAL & RELATIONSHIP 2.5x of In’Tech Medical, 2 acquisitions multiple achieved on the sale of at Eurazeo PME III CAPITAL 500 Colisée Group to IK Investment leader in the (Smile, In’Tech Medical) hirings at Smile Partner for €236 million, three manufacture of years after the acquisition 11 build-ups orthopedic surgical over the next EF Express (Redspher Group), €3 instruments. Jacques Boulard BILLION 4 years (Odealim Group), The ambition we shared Upela (Redspher Group), in socio- P.12 (Colisée Group), Following the 2017 acquisition with management is Netwave (Orolia) economic of Smile, a French Open to develop the product Touvet (Odealim Group), Source leader, Eurazeo PME offering and expand its Schwerdtfeger impacts approved the Open Arrow (Redspher Group), 2021 strategic plan with an worldwide coverage Envie de Fraise In 2017, we analyzed for the objective to attract more (MK Direct Group), first time the socio-economic than 500 talents in 4 years Pyxidis (In’Tech Medical) footprint of Eurazeo PME and its Insor (Odealim Group) investments worldwide Virtua (Smile) 2 disposals Colisée Group, Fondis Bioritech eurazeo PME ¢ INTEGRATED REPORT 2017 CONTENTS Eurazeo PME has embarked on a new sustainable 01 EURAZEO PME growth cycle 2017 Highlights combining 01 Editorial 02 Business model innovation and 04 Joint interview talent development. Virginie Morgon/ Olivier Millet 02 WORKING IN CONCERT 09 Ecosystem 10 Material topics 12 Team and organization 16 Governance 18 Portfolio of SMEs 2017, mary of the study available on our partner last year, we are delighted a thrilling year! website. to welcome Anne Dousset as Se- In addition to the successful launch Other new features this year: we nior Advisor in Management & Or- 03 ACCELERATING INNOVATION 03 of the Eurazeo PME III fund, we car- have promoted for a digital version ganization in 2018. 21 Strategic ambition ried out two major acquisitions - Smile for our integrated report (www. At the same time, we wish to boost 22 Growth drivers and In’Tech Medical -, sold Colisée rapport-integre-eurazeo-pme. our international coverage in the 24 Risk management and completed 11 external growth com/2017), and completed our next few years in Germany, Spain transactions and 2 refinancings. The materiality analysis by consulting and Italy to better identify and results, in line with our goal (16% NAV our main stakeholders. Many of analyze potential acquisitions. growth on a comparable scope ba- you took the time to respond to our In the same vein as Eurazeo PME II, BE A COMMITTED PLAYER sis), and the Colisée sale price reflect survey and we would like to thank the €658 million raised will enable us 04 the outstanding contributions of our you. 27 Responsible commitment to support the growth of about ten teams and those of our investments. French SMEs over the next 5 years. 28 Socio-economic footprint French SMEs/SMIs are awakening; Eurazeo PME footprint: 89,000 Talent innovation and we are ready to support them! jobs and €3 billion per year acceleration are crucial to the transformation process FINANCIAL AND NON- For the first time, we measured the Convinced that our added value Olivier Millet FINANCIAL INFORMATION socio-economic footprint of our lies above all in our ability to inno- Chairman of the Eurazeo PME Executive Board 05 activities. With our co-investors, we and Member of the Eurazeo Executive Board 33 Financial information vate and accelerate the sustai- support over 89,000 jobs worldwide 34 Non-financial information nable transformation of our com- and generated nearly €3 billion in panies, we continue to expand our economic impacts in 2016. This in- internal expertise. Following the ar- tegrated report* contains a sum- rival of Patrice Henry as Operating * For further information on the integrated reporting approach: www.integratedreporting.org 01 eurazeo PME ¢ INTEGRATED REPORT 2017 eurazeo PME ¢ INTEGRATED REPORT 2017 OUR BUSINESS MODEL ur growth over these past 10 years illustrates the robustness of Oour business model. SPEED UP THE GROWTH OF In addition to injecting capital, we pool together talents to ensure sustainable and shared growth. FRENCH SMEs EURAZEO PME RESOURCES* HUMAN EMPLOYEES Within 3 teams 19 Executive Board and investment team Operational support Corporate functions with the support of the Eurazeo teams FINANCIAL €658M €550M 16% 84% €277M Invested capital 84% 16% Available capital BUSINESS MODEL IMPACTS ON OUR ECOSYSTEM EZ PME I EZ PME II EZ PME III HUMAN FINANCIAL INTELLECTUAL For the 7 companies sold: DEALS acquisitions, build-ups, disposals - have 6,109 the average investment strengthened recognized know-how since 2006 2.3x 68 JOBS multiple on divestment in portfolio companies SOCIAL & RELATIONSHIP in 2017 average annual 23% PARTNERS return over the transformation banks, legal firms, consulting firms, 01 02 03 04 period (IRR) 80 communication agencies, etc WIN THE DETECT ACT AS A MONETIZE CONFI- HIGH- MAJORITY AND SHARE MANUFACTURING INTELLECTUAL LABOR & SOCIETAL DENCE OF GROWTH SHAREHOL- THE VALUE DER M INVESTED FRENCH COMPANIES CREATED since 2006, including €121M in 2017 AND INTER- €8.3M €753M €785 in purchases that contributed to NATIONAL devoted by the companies to research & development economic activity and job growth INVESTORS ENVIRONMENTAL programs in 2017 in 2017 tons of CO2 eq.* MANUFACTURING emitted in 2017. A carbon ENVIRONMENTAL 10 footprint mainly generated by Eurazeo PME offices and travel €238M *Scope 1 and 2 7,500 INVESTED tons of CO2 eq.* the total by the companies for their emissions from all companies in 2017 development in 2017 *Scope 1 and 2 * Excluding portfolio companies 02 03 eurazeo PME ¢ INTEGRATED REPORT 2017 eurazeo PME ¢ INTEGRATED REPORT 2017 OUR VISION “WE WORK TO TRANSFORM TRANSFORM OUR COMPANIES AND, TO A GREATER Olivier Millet EXTENT, Chairman of the Eurazeo PME OUR COMPANIES SOCIETY ITSELF.” Executive Board and Member of the Eurazeo Executive Board WITH PASSION Olivier Millet AND ENTHUSIASM INTERVIEW VIRGINIE MORGON & OLIVIER MILLET Chairwoman of Chairman of the Eurazeo PME the Eurazeo PME Supervisory Board Executive Board With the change in its midcap champions. The successful O. M. } Our exceptional growth governance, Eurazeo has Eurazeo PME III fundraising has en- has not changed our DNA, which redefined its strategic abled us to further our substantial is based on 4 fundamental beliefs: priorities. How does Eurazeo growth and boost our socio-eco- strict investment discipline, patience PME fit into your strategy? nomic impact, while remaining to support the long-term vision in very selective in terms of our invest- our companies, cutting-edge ex- Virginie Morgon } Eurazeo has radi- ments. We have already invested pertise, and close relations with our cally transformed itself over the past in 2 companies in 2017: Smile and stakeholders. few years based on three primary In’Tech Medical, two high-potential •/•• thrusts: internationalization, business investments with committed mana- diversification and third-party fund gement teams. management. Eurazeo PME, which V. M. } Eurazeo PME, which now dovetails perfectly with these strate- comprises 19 professionals, is still the gic priorities, is a major division for best illustration of what we hope to the Group, as its creation was the achieve when we transform a com- first phase in our business expansion. pany. In 8 years, it has grown sixfold, Olivier Millet } Within Eurazeo, Eu- the team has completed over 58 razeo PME’s role is to ramp up the high added-value deals, and it has transformation of French SMEs/ been a pioneer in third-party fund SMIs to turn them into international management. 04 05 eurazeo PME ¢ INTEGRATED REPORT 2017 eurazeo PME ¢ INTEGRATED REPORT 2017 “WE ARE ETHICAL AND COMMITTED, AND WE EXPECT THE SAME HIGH STANDARDS FROM THE MANAGEMENT OF OUR COMPANIES AS WE DO FROM OURSELVES.” Virginie Morgon Virginie Morgon Chairwoman of the Eurazeo PME Supervisory Board and of the Eurazeo Executive Board Beyond your skills as issue for our companies. We have that we also fill our companies and an investor, isn’t it the to anticipate and manage disrup- partners with enthusiasm. Many of ability to offer experts to tions caused by Big Data, artificial the companies in which we invested, support companies in their intelligence or the omnichannel chose us because they were keen transformation that makes all approach. to join the Eurazeo Group. This is the difference? the greatest symbol of Eurazeo’s In an increasingly competitive success! V. M. } We do not simply provide private equity industry, how do capital. We are entrepreneurs who, Eurazeo and Eurazeo PME stand on behalf of our shareholders or out from other investment commissioning agents, are com- companies? mitted to management teams over the long term. Our common goal: V. M. } We are ethical and com- develop the necessary human and mitted, and we expect the same financial resources to transform our high standards from the manage- companies and seize investment ment of our companies as we do opportunities to support their future from ourselves.
Load more

Recommended publications
  • Eurazeo Strengthens Its Asset Management Activities with a New Organisation Meeting the Needs of Its Investors
    EURAZEO STRENGTHENS ITS ASSET MANAGEMENT ACTIVITIES WITH A NEW ORGANISATION MEETING THE NEEDS OF ITS INVESTORS Christophe Bavière promoted Senior Managing Partner of Eurazeo and Head of Investment Partners Paris, 5 October 2020 Eurazeo is a leading global investment company with more than €18.5 billion in assets under management and provides investors with valuable access to investment strategies diversified across asset classes, industry sectors and geographies. Currently, 65% of these assets are directly invested in companies’ equity or real assets. Similarly, the Group’s activities in private debt and secondary transactions make it a European leader in these areas and have seen steady growth for several years. Underscoring the appeal of its investment strategies to investors, Eurazeo reached new heights with its fundraising bringing in €2.4 billion in 2019. Following a robust first half of this year, with €1.2 billion raised in unfavourable and uncertain market conditions, Eurazeo expects to build on this momentum over the remainder of the year, driven in particular by the success of the Eurazeo Growth III fund. This performance is not only the result of the renewed commitment and confidence of the Group’s long- standing institutional investor partners, but is also driven by Eurazeo’s increasing ability to attract new international partners. In line with this growth trajectory and in order to offer investors services of the highest standards, Eurazeo today announced that it is strengthening its function dedicated to institutional investors and wealth management structures by bringing together the veteran management teams of Eurazeo and Idinvest. The Group’s teams who focus on maintaining and developing these relationships, are staffed by some 30 investment professionals.
    [Show full text]
  • Breakthrough Energy Ventures Europe
    SET4BIO RENEWABLE FUELS AND BIOENERGY FOR A LOW- CARBON EUROPE – ACCELERATING THE IMPLEMENTATION OF THE SET-PLAN ACTION 8 Horizon 2020, Grant AgreementA no. 884524 Title of the Deliverable Due date Actual submission date Report on private financing opportunities to support the realisation of the SET Plan IP8 31.08.2021 31.08.2021 Work Package (WP): Funding and financing roadmap and investments Task: Task 1.4 – Identification of private financing opportunities Lead beneficiary for this deliverable: CIRCE Editors/Authors: Paola Mazzucchelli and Carlos Castellano Pellicena Dissemination level: Public Call identifier: H2020-LC-SC3-2019-Joint-Actions-1 Document history V Date Beneficiary Author/Reviewer 3.0 24/08/2021 CIRCE Paola Mazzucchelli This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 884524 EXECUTIVE SUMMARY Deliverable 1.3 summarises information related to existing private financing mechanisms that can be of interest to support the development of the projects defined in the Implementation Plan of IP8 dedicated to bioenergy and other renewable fuels. It aims at being a guide for project developers who are looking for private funds to finance their project. Several updates of this report are planned until the project’s end in February 2023. PARTNERS RISE - Research Institutes of Sweden AB, Sweden SINTEF - SINTEF Energi AS, Norway FNR - Fachagentur Nachwachsende Rohstoffe e.V., Germany CIRCE - Fundacion Circe Centro de Investigación de Recursos y Consumos Energéticos, Spain VTT – Teknologian tutkimuskeskus VTT Oy, Finland ETA – ETA Florence Renewable Energies, Italy Statement of Originality This deliverable contains original unpublished work except where clearly indicated otherwise.
    [Show full text]
  • 2017-2018 Annual Investment Report Retirement System Investment Commission Table of Contents Chair Report
    South Carolina Retirement System Investment Commission 2017-2018 Annual Investment Report South Carolina Retirement System Investment Commission Annual Investment Report Fiscal Year Ended June 30, 2018 Capitol Center 1201 Main Street, Suite 1510 Columbia, SC 29201 Rebecca Gunnlaugsson, Ph.D. Chair for the period July 1, 2016 - June 30, 2018 Ronald Wilder, Ph.D. Chair for the period July 1, 2018 - Present 2017-2018 ANNUAL INVESTMENT REPORT RETIREMENT SYSTEM INVESTMENT COMMISSION TABLE OF CONTENTS CHAIR REPORT Chair Report ............................................................................................................................... 1 Consultant Letter ........................................................................................................................ 3 Overview ................................................................................................................................... 7 Commission ............................................................................................................................... 9 Policy Allocation ........................................................................................................................13 Manager Returns (Net of Fees) ..................................................................................................14 Securities Lending .....................................................................................................................18 Expenses ...................................................................................................................................19
    [Show full text]
  • En Im Square Secures Significant Financing
    EN IM SQUARE SECURES SIGNIFICANT FINANCING SUPPORT FROM EURAZEO AND LAUNCHES ITS US DISTRIBUTION PLATFORM • iM Square announces its renewed objective to invest with current and future shareholders over $500 million within 2 to 4 years • iM Square announces the launch iM Global Partner US, its new American distribution platform PARIS/LONDON (16th of March 2018) iM Square, the sole European investment and development platform dedicated to asset management, successfully secured a new financing commitment from Eurazeo, one of its founding shareholder, after having completed its initial ambitious growth phase. Eurazeo is committed to support iM Square's investments over the next few years and is expected to become its reference shareholder. Other founding shareholder Le Groupe Dassault / La Maison will also participate. This new commitment will enable iM Square to acquire additional 3 to 6 entrepreneurial active asset managers with $1 to 20 billion of AUM, high growth potential and complementary strategies, such as alternative management. Most of the targeted asset managers are based in the US and Europe. In additional to permanent capital, iM Square also brings financial and operational support as well as taylor- maid investment and distribution capabilities to its partners, which makes iM Square’s model unique in Europe. Since 2015, iM Square has successfully acquired minority stakes in two US asset management companies: Polen Capital, an independent management firm specialised in growth stocks and Dolan McEniry Capital, specialised in US corporate bonds. The performances of these two asset managers are remarkable and their AUM continue to undergo strong growth: Polen Capital’s AUM grew from 7.5 to $17.4 billion since the partnership with iM Square in 2016, while Dolan McEniry’s grew from 5.8 to almost $6.5 billion since iM Square’s stake was acquired.
    [Show full text]
  • Welcome to the 12Th Annual INSEAD Private Equity Conference
    Welcome to the 12th Annual INSEAD Private Equity Conference INSEAD welcomes you to the 12th Annual Private Equity Conference. The conference, inaugurated in 2003, has become the most successful private equity and venture capital event hosted by a European academic institution. With over 1,500 alumni working in the industry worldwide, INSEAD’s presence in the private equity community is well-recognized. This conference is a gathering amongst leading practitioners, academics and the INSEAD community to debate the forces shaping the private equity industry. We are delighted to host an impressive and diverse group of experienced industry professionals here on INSEAD Europe Campus. Since the financial crisis, one of the strongest trends in private equity has been increased focus on value creation. This year’s theme, “How to achieve alpha in the current environment,” aims to delve into the topic of generating returns through operational change, and assess the implications of this trend for the future of private equity. Our keynote speakers, leveraged buyouts and operational excellence panels will explore the topic of value creation deeper. Beyond value creation, the industry is further being shaped by a number of different dynamics and intense competition. To further develop the main theme, we have lined up a focused range of panels and have assembled a diverse group of outstanding panelists and moderators for you. Our panels will attempt to give an update on the current state in different parts of the industry, such as distressed investing, infrastructure and real assets, emerging strategies and limited partner relationships. The annual conference is organized by student and alumni members of the INSEAD Private Equity Club, Global Private Equity Initiative (INSEAD faculty body focused on research in Private Equity industry), Alumni Relations and Student Life offices.
    [Show full text]
  • Eurazeo Confirms Its Excellent Growth
    EURAZEO CONFIRMS ITS EXCELLENT GROWTH MOMENTUM IN THE FIRST QUARTER OF 2021: AUM +21% OVER 12 MONTHS AND REVENUES +20% EXCLUDING TRAVEL AND LEISURE Paris, May 20, 2021 Asset management momentum strengthens at end-March • Assets Under Management (AUM): €22.7bn, +21% over LTM, of which +27% for third party • Third-party fundraising: €785m at end-March and c.€1,200m YTD, versus €283m in Q1 2020 • Management fees: €59m, of which +13% for limited partners (+4% overall1 given balance sheet divestments) • The Group expects further growth in fundraising in 2021 thanks to the strong market attractiveness of its current funds, particularly for small-mid buyout, growth and private debt funds Strong growth in portfolio performance • Portfolio economic revenue2 up +20% in Q1 2021 year-on-year (+15% compared to Q1 2019), excluding the Travel & Leisure segment • 61% increase in revenues of Growth portfolio companies (non-consolidated) • Early recovery prospects in Travel & Leisure (10% of NAV) Sustained investment activity • €1.1bn invested (€0.5bn in Q1 2020), with business flows in buoyant sectors notably tech (Questel, PPRO, Message Bird), consumer tech (UPD, Aroma-Zone) and financial services (Groupe Premium) • A high level of asset divestments expected in 2021-2022, as announced Balance sheet remains robust • NAV per share of €85.5 (not revalued quarterly) • Net cash and cash equivalents of €255m at end-March – confirmed RCF of €1.5bn • Dry powder of €3.7bn Virginie Morgon, Chairwoman of the Executive Board, stated: “This first quarter of 2021 reflects Eurazeo's growth momentum in all aspects of its business. The growth in our fundraising and assets under management, but also the strong rebound in our portfolio activity, the sustained pace of our investments in growth sectors, value-creating exits and our ability to support the major shifts towards a more sustainable economy perfectly illustrate our "Power Better Growth" positioning and its attractiveness.
    [Show full text]
  • Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends
    PRIVATE EQUITY Newsletter QUARTERLY SPECIAL | EDITION 1+2/2021 SIGNED DEALS for 2020 and Q1/2021 within the German-speaking region EUROPEAN PE MARKET Interview with Senior Partner Christof Huth and Principal Dr Thorsten Groth as well as digital expert Dr Ulrich Kleipaß MOST RECENT STUDIES by Roland Berger Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends, Christof Huth dear Clients, What a start to the year! The first quarter of 2021 has broken almost every record so far. This edition of the Newsletter provides an overview of the tremendous deal flow in the first quarter of 2021 in com- parison to last year and examines various developments influencing the PE market. Additionally, it offers an overview of recent Roland Berger studies. Dr Sascha Haghani The 2020 PE year (197 transactions) saw lower deal activity overall than 2019 (253 transactions), driv- en by declines in the first half of 2020 in particular. In the second half of 2020, there was a quick recovery in PE-related deal-making in German-speaking Europe, which continues into 2021 so far. With 90 deals, Q1 of 2021 not only surpassed the already strong Q3 of 2020 but represents the strongest quarter in the long history of the PE Newsletter. Economically, the dominant topic for 2020 was COVID-19 and its impact on deal-making, on portfo- Sven Kleindienst lio companies and on daily life. By now the PE industry has become used to successfully dealing with COVID-19-related restrictions during deal-making and is focused on companies’ development outlook beyond COVID-19.
    [Show full text]
  • Blue Chip International Investors Participate in Eurazeo Capital’S 4Th Investment Program
    BLUE CHIP INTERNATIONAL INVESTORS PARTICIPATE IN EURAZEO CAPITAL’S 4TH INVESTMENT PROGRAM Paris, February 1, 2019 Under its €2.5 billion fourth investment program, launched in June 2017, Eurazeo Capital has already undertaken several major investments in Europe (Iberchem and Albingia) and the United States (Trader Interactive and Worldstrides). Based on these achievements, blue chip international investors have already demonstrated their confidence and contributed c. €500 million to this program during the first closing which has been completed today. Eurazeo thus confirms its ambitions in third-party management, while developing its model combining own funds and investor partners. Commitments were subscribed to the Eurazeo Capital IV fund by international institutional investors - asset managers, sovereign wealth funds and insurance companies - and leading families in North America (53%), Europe (29%), and Asia (18%). This fundraising, which has no impact on the governance of the portfolio companies, demonstrates the attractiveness of Eurazeo Capital's investment strategy to its long-term partners. The resulting disposal proceeds for Eurazeo SE totalled €257 million. Marc Frappier, Managing Partner of Eurazeo Capital declared: “Through the support of investor partners, Eurazeo Capital will continue deploying in Europe and the United States its strategy towards companies with ambitious transformation programs." Frans Tieleman, Managing Partner, Eurazeo Development said: "This fundraising is a real acknowledgment of the quality of Eurazeo Capital's teams and their ability to create value. The confidence of major international investors allows us to further expand our network and our investment capacity”. This press release is not an offer of securities for sale in the United States.
    [Show full text]
  • The Operating Impact of Management Ownership Evidence from Private Equity Buyouts in Sweden
    Stockholm School of Economics Department of Finance MSc thesis – Spring 2013 Supervisor: Assistant Professor Michael Halling The Operating Impact of Management Ownership Evidence from Private Equity Buyouts in Sweden Abstract Using a novel dataset comprising 161 private equity buyouts in Sweden between 2002 and 2008, this paper investigates the impact of management participation on operating performance in buyouts. The authors compare performance in private equity sponsored management buyouts (MBOs) with other buyouts and also investigate the effect of management ownership in buyout companies. The analysis is carried out using regression analysis over two event windows, the three years following the buyout year and the period from entry to exit. The authors find that a higher management equity stake has a positive effect on profitability in buyout companies, but has a negative impact on growth. Additionally, the study finds that MBOs tend to outperform other buyouts over the full holding period. Looking at employee growth, larger management ownership in buyout companies is found to have a significant positive effect on employment. Keywords: Private equity, management buyout, MBO, management incentives, operating performance Mikael Svanberg Christopher Wanzelius [email protected] [email protected] Acknowledgements We would like to thank our tutor, Assistant Professor Michael Halling, for valuable support and guidance during the process of writing this paper. We also acknowledge Professor Per Strömberg, who was kind enough to provide feedback on our chosen topic. Last but not least, we would like to thank our friends and family for their encouragement and patience during the past few months. 1 Table of Contents Table of Contents ...............................................................................................................
    [Show full text]
  • France 20, Euronext Vigeo United Kingdom 20 and Euronext Vigeo Benelux 20, Will Be Updated Every Six Months
    Vigeo Eiris’ indices are composed of the highest-ranking listed companies as evaluated by the agency in terms of their performance in corporate responsibility. This range of indices: Euronext Vigeo World 120, Euronext Vigeo Europe 120, Euronext Vigeo Eurozone 120, Euronext Vigeo US 50, Euronext Vigeo France 20, Euronext Vigeo United Kingdom 20 and Euronext Vigeo Benelux 20, will be updated every six months. Constituent selection is based on data from the Equitics® methodology, developed by Vigeo. Selected companies have achieved the highest ratings in their reference universe. INDEX FEATURES Number of Constituents 20 Index Type Price Index Eligible Stock All the companies included in the related Vigeo Euronext Universe The weighting of each component at the review date reflects the Equitics® score of the Weighting company divided by the total sum of the scores of all components Review Semi-Annually (June and December) France 20: the 5 most represented New constituents – December 2018 sectors Electricite de France Electric & Gas Utilities Financial Services - Real Estate Engie Electric & Gas Utilities 15% Automobiles Diversified Banks 10% 45% Financial Services - General 10% Electric & Gas Utilities Other 10% 10% Lowest global score Highest global score Average overall score 63/100 73/100 66/100 FRANCE 20 Index constituents - December 2018 Sector Issuer ISIN Hotel, Leisure Goods & Services Accor FR0000120404 Financial Services - General Amundi FR0004125920 Insurance Axa FR0000120628 Diversified Banks BNP Paribas FR0000131104 Supermarkets
    [Show full text]
  • Eurazeo Raises a Record €2.8 Billion in 2020 to Invest in the Real Economy
    EURAZEO RAISES A RECORD €2.8 BILLION IN 2020 TO INVEST IN THE REAL ECONOMY Paris, 22 January 2021- The Eurazeo group raised €2.8 billion from its investor partners across 2020, an increase of 18% compared with 2019. Amid a volatile context caused by the Covid-19 crisis, this strong performance provides further vindication of Eurazeo’s strategy of diversification. The Group remains a leading investor in private markets and one of the few in Europe to offer clients investment solutions in three high-return asset classes (Private Equity, private debt and real assets), covering the whole business development cycle (Venture, Growth, SME, mid- to-large cap), and with expertise in all promising business sectors. The trust placed in Eurazeo by major US, European and Asian investors – both new and existing – illustrates the success of its global expansion strategy, through which it has established a presence in 10 countries so far. As an illustration of how well suited our investment strategies are to their respective markets, all of Eurazeo’s funds currently in the fundraising phase contributed to the group’s excellent growth achieved in 2020: • Venture and Growth fundraising exceeded €700 million in 2020, almost three times more than in 2019, following the successful launch of the Eurazeo Growth III fund, • The Eurazeo China Acceleration Fund, in partnership with the Chinese Investment Corporation and BNPP, raised an initial tranche of €200 million and made its first investments alongside Eurazeo Capital and Eurazeo PME, • The Private Funds business continued to grow, increasing its fundraising by 75% in 2020. Eurazeo’s core purpose is to make direct, long-term equity investments in companies and to fund growth by partnering with management teams and entrepreneurs.
    [Show full text]
  • 2021 Shareholders' Meeting
    2021 Shareholders’ Meeting APRIL 28, 2021 3 OPENING OF THE SHAREHOLDERS’ MEETING Michel David-Weill Chairman of the Supervisory Board 2021 SHAREHOLDERS’ MEETING 4 LEGAL FORMALITIES Nicolas Huet General Counsel 2021 SHAREHOLDERS’ MEETING PRESENTATION BY THE 1 CHAIRMAN OF THE 2 A NEW IDENTITY SUPERVISORY BOARD FOR A NEW AMBITION Michel David-Weill Virginie Morgon, Chief Executive Officer 3 SOLID PERFORMANCE 4 AN AMBITIOUS STRATEGY: IN 2020 POWER BETTER GROWTH Philippe Audoin, Virginie Morgon, Chief Financial Officer Chief Executive Officer Agenda PRESENTATION OF THE PRESENTATION 6 WORK OF THE CAG FOR THE 5 OF THE SUPERVISORY COMMITTEE BOARD’S WORK Georges Pauget, Chairman of the SHAREHOLDERS’ Nicolas Huet, Compensation, Appointment MEETING General Secretary and Governance Committee PRESENTATION 8 SHAREHOLDERS’ 7 OF THE STATUTORY QUESTIONS AUDITORS’ REPORTS Isabelle Massa Mazars, for the joint auditors PRESENTATION 9 OF THE RESOLUTIONS Nicolas Huet, General Secretary 2021 SHAREHOLDERS’ MEETING 2021 Shareholders’ Meeting APRIL 28, 2021 PRESENTATION BY THE 1 CHAIRMAN OF THE SUPERVISORY BOARD Michel David-Weill 2021 SHAREHOLDERS’ MEETING 9 2 A NEW IDENTITY FOR A NEW AMBITION Virginie Morgon Chief Executive Officer 2021 SHAREHOLDERS’ MEETING A NEW BRAND IDENTITY 10 TO BUILD EURAZEO’S POSITIONING FOR 2030 ? 2001PASSIVE HOLDING 2011FRENCH INVESTMENT 2021EUROPEAN ASSET COMPANY FIRM MANAGER with a minority exposure focused on listed with a diversified mix to listed and unlisted French and unlisted large-cap of investments, backed assets companies
    [Show full text]