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1. Company Snapshot

1.a. Company Description

Eurazeo SE is a private equity and venture capital firm specializing in growth capital, acquisitions, leveraged buyouts, and buyins of a private company, and investments in mid-market and listed public companies..The company invest in equity in the small-mid and Mid-large buyout segments.


The firm seeks to invest in medium-sized or large companies, SMEs, high growth companies, and real estate management and investment activities.It does not have any restrictions regarding the sectors in which it invests but prefers to invest in smart cities, services, leisure and mobility, real estate, fintech, investment activities, distribution, industry, luxury, consumer goods, business services, consumer and retail brands, and health sectors.The firm seeks to invest in consumer brands with a focus on beauty, personal care, household care, juvenile products, apparel, wellness, accessories, home, jewelry, leisure, health, fitness, beverage, and food companies based in United States and Europe.


It typically invests in companies with a differentiated concept and global growth potential.The firm identifies companies upstream, carefully selecting them primarily from sectors driven by digital transformation and focusing on changes in lifestyle and consumption (mobility, online buying, collaboration models, etc.).The firm invests in large properties in need of restructuring; residential, commercial, and office development projects; and companies with real estate assets in Western Europe.


It primarily invests in United States, France, Italy, North America and other European countries.The firm typically invests between $10 million and €800 million ($892.55 million) in companies with enterprise values of more than €150/200 million ($163.74 million/$218.30 million) and €5000 million ($7108.9 million).It limits each investment to less than 10 percent to 15 percent of its net asset value.


The firm can also invest where its equity or quasi-equity stake is between €175 million ($195.25 million) and €800 million ($892.55 million).The firm prefers to make investments with transactions above $100 million as co-investments.It prefers to acquire majority stakes in its portfolio companies along with minority stakes.


The firm may invest in public companies either taking the public company to private, and then doing a leveraged buyout or in the form of private investment in public equity (PIPE).The firm invests for a period of five to seven years.It exits its investment by sale to a manufacturer, sale to a financial investor, or through an IPO.


Eurazeo SE was founded in 1969 and is based in Paris, France with additional offices in North America, Asia, Europe and South America.

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1.b. Last Insights on RF

Eurazeo SE's recent performance was negatively impacted by its reported net loss and weak returns over the past year, despite solid annual revenue growth. The company's exit from the FTSE All-World Index may affect its liquidity and growth plans. Additionally, Eurazeo faces valuation and macroeconomic hurdles, although it has shown robust asset management growth and sustainability leadership. A €480 million private debt continuation vehicle with Pantheon provided liquidity to existing investors. The company also made investments in energy-transition bets, defying markdowns in private credit and equity markets.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Eurazeo Index Exit Puts Focus On Losses Liquidity And Growth Plans

Apr -01

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Assessing Eurazeo (ENXTPA:RF) Valuation After Mixed Returns And Asset Management Growth

Mar -31

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These Private Capital Funds Are Defying Markdowns With HALO Energy Bets

Mar -29

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Fresha Named Among VivaTech's Top 100 Rising European Startups as Marketplace Infrastructure Redefines Service-Based Commerce

Mar -23

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Eurazeo SE (EUZOF) Full Year 2025 Earnings Call Highlights: Strong Fundraising Amidst Portfolio ...

Mar -11

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EU shortlists companies in Sweden and UK for $5.8bn Scaleup Europe fund

Mar -05

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Human AI Co-Innovation Summit Launches in Paris

Feb -16

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Eurazeo’s €480m Debt Vehicle With Pantheon And Share Valuation Gap

Feb -16

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.90%)

6. Segments

Asset Management

Expected Growth: 9.9%

Eurazeo SE's 9.9% growth in Asset Management is driven by increasing demand for ESG investments, expansion into new markets, and strategic acquisitions. The company's diversified portfolio, strong investment performance, and robust distribution network also contribute to its growth. Additionally, the trend towards outsourcing investment management by institutional investors and the growing need for alternative investments further support Eurazeo's growth momentum.

7. Detailed Products

Private Equity

Eurazeo SE's private equity segment focuses on investing in and supporting the growth of mid-cap companies in Europe and North America.

Real Assets

Eurazeo SE's real assets segment invests in and manages a diversified portfolio of real estate, infrastructure, and renewable energy assets.

Idinvest

Idinvest is Eurazeo SE's venture capital and growth capital investment arm, focusing on innovative startups and scale-ups in Europe and North America.

Eurazeo Capital

Eurazeo Capital is the company's investment arm focused on providing flexible capital solutions to mid-cap companies in Europe and North America.

Eurazeo Brands

Eurazeo Brands is the company's investment arm focused on acquiring and growing global consumer brands.

8. Eurazeo SE's Porter Forces

Forces Ranking

Threat Of Substitutes

Eurazeo SE operates in a diversified investment portfolio, which reduces the threat of substitutes. However, the company's exposure to various sectors makes it vulnerable to disruptions in specific industries.

Bargaining Power Of Customers

Eurazeo SE's diversified investment portfolio and lack of concentration in a single industry reduce the bargaining power of customers.

Bargaining Power Of Suppliers

Eurazeo SE's diversified investment portfolio and lack of concentration in a single industry reduce the bargaining power of suppliers. However, the company's exposure to various sectors makes it vulnerable to disruptions in specific industries.

Threat Of New Entrants

Eurazeo SE's established position in the investment industry and diversified portfolio create barriers to entry for new entrants.

Intensity Of Rivalry

Eurazeo SE operates in a highly competitive investment industry, with numerous players vying for market share and returns.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 10.13%
Debt Cost 5.92%
Equity Weight 89.87%
Equity Cost 10.85%
WACC 10.35%
Leverage 11.27%

11. Quality Control: Eurazeo SE passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Ninety One

A-Score: 6.6/10

Value: 5.0

Growth: 2.0

Quality: 8.0

Yield: 8.8

Momentum: 8.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
GBL

A-Score: 6.2/10

Value: 6.1

Growth: 4.0

Quality: 3.4

Yield: 7.5

Momentum: 6.0

Volatility: 10.0

1-Year Total Return ->

Stock-Card
VZ Holding

A-Score: 5.5/10

Value: 2.3

Growth: 6.8

Quality: 8.2

Yield: 3.1

Momentum: 4.0

Volatility: 8.7

1-Year Total Return ->

Stock-Card
Greencoat UK Wind

A-Score: 5.4/10

Value: 7.4

Growth: 2.9

Quality: 4.6

Yield: 8.1

Momentum: 0.5

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Tikehau

A-Score: 5.3/10

Value: 4.8

Growth: 5.4

Quality: 5.8

Yield: 6.9

Momentum: 1.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Eurazeo

A-Score: 4.0/10

Value: 5.8

Growth: 0.1

Quality: 3.7

Yield: 6.9

Momentum: 2.0

Volatility: 5.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

46.76$

Current Price

46.76$

Potential

-0.00%

Expected Cash-Flows