EURAZEO (EPA:RF) - Exclusive discussions initiated with PAI Partners to sell Asmodee

Transparency directive : regulatory news

20/07/2018 17:44

Press release

     EXCLUSIVE DISCUSSIONS INITIATED WITH PAI PARTNERS TO SELL ASMODEE

Paris, July 20, 2018 - Eurazeo is pleased to announce the launch of exclusive
discussions with PAI Partners for the sale of its stake in Asmodee, a leading
international games publisher and distributor, based on an enterprise value of
EUR1.2 billion.

As the publisher of some of the best known franchises internationally, such as
Catan, Ticket to Ride, Splendor and Dobble/Spot it !, and a distributor of
Pokémon and Magic trading cards, Asmodee has emerged in recent years as one of
the highest performing and most innovative players in its market, globally.

Driven by Stéphane Carville and his teams and supported by Eurazeo, the
company has transformed substantially, from a Franco-European distributor in
2013 to a global publisher today, capitalizing on the value of its intellectual
property. In four years, revenue grew from EUR125 million, generated 48% in
France, to EUR442 million, generated 75% internationally, representing an
average annual growth rate of 37%. At the same time, publishing revenues
increased to nearly two-thirds of games sales. The Group completed 20
acquisitions during this period, representing over EUR140 million in revenue.

Eurazeo's sales proceeds from this transaction could total around EUR580
million for Eurazeo and its investment partners, and EUR435 million for
Eurazeo's stake representing a return on its initial investment of 4.0x and an
IRR of 35%.

Under French law, the signature of a purchase agreement is subject to a
preliminary information and consultation process involving employee
representatives. The disposal is could be finalized by Q4 2018, following the
completion of this process and supervisory authority approval.

                                     ***

About Eurazeo

o With a diversified portfolio of over EUR16 billion in assets under
  management, including over EUR10 billion from investment partners, Eurazeo is
  a leading global investment company with offices in Paris and Luxembourg, New
  York, Shanghai and Sao Paulo. Its purpose and mission is to identify,
  accelerate and enhance the transformation potential of the companies in which
  it invests. The firm covers most private equity segments through its five
  investment divisions - Eurazeo Capital, Eurazeo Croissance, Eurazeo PME,
  Eurazeo Patrimoine and Eurazeo Brands - and through three Idinvest business
  divisions: Venture Capital, Private Debt and Dedicated Portfolio & Funds. Its
  solid institutional and family shareholder base, robust financial structure
  free of structural debt, and flexible investment horizon enable Eurazeo to
  support its companies over the long term. As a global long-term shareholder,
  the firm offers deep sector expertise, a gateway to global markets, and a
  stable foothold for transformational growth to the companies it supports.

o Eurazeo is listed on Euronext Paris.

o ISIN: FR0000121121 - Bloomberg: RF FP - Reuters: EURA.PA

CONTACTS EURAZEO

CAROLINE COHEN
DIR. RELATIONS INVESTISSEURS
Mail : ccohen@eurazeo.com
Tél : +33 (0)1 44 15 16 76

STEPHANIE MARIA-BAJARD
DIRECTION DE LA COMMUNICATION
Mail : smaria-bajard@eurazeo.com
Tél : +33 1 44 15 80 44

CONTACT PRESSE

HAVAS PARIS
Daniel Saltsman
Mail: daniel.saltsman@havas.com
Tel: +33 (0)6 33 39 94 42

  Pour plus d'informations, merci de consulter le site Internet du Groupe :
                               www.eurazeo.com
                 Suivez nous sur Twitter, Linkedin, et YouTube

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EURAZEO (EPA:RF) - Exclusive discussions initiated with PAI Partners to sell Asmodee

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