EURAZEO (EPA:RF) - Eurazeo Patrimoine sells its interest in CIFA to Mata Capital

Transparency directive : regulatory news

18/02/2020 17:40

PRESS RELEASE

EURAZEO PATRIMOINE SELLS ITS INTEREST IN CIFA TO MATA CAPITAL, ONE OF EUROPE'S
LEADING WHOLESALE CENTERS

Paris, February 18, 2020 - Eurazeo Patrimoine, Eurazeo's investment division
specializing in real estate and companies operating their own real assets, is
announcing that it has sold its entire interest in CIFA to a fund managed by
Mata Capital.

This is the first divestment for Eurazeo Patrimoine. Eurazeo Patrimoine is
positioned at the crossroads between real estate and private equity, combining
operational and real estate expertise. These solid private equity foundations
applied to real estate, enables it to effectively stand out.

CIFA is one of Europe's leading wholesale centers, located in Aubervilliers,
France, with 40,000 sq.m of space and over 280 tenants.

In 2015, Eurazeo Patrimoine acquired 78% of CIFA from its founder, who retained
22% of its capital. Over the last five years, Eurazeo Patrimoine has deployed
its human, financial and technical resources optimizing CIFA's rental yield in
particular with the development of an additional fully let 1,500 sq.m building.
During this period the occupancy rate has been increased to 98% at the time of
the sale.

With Eurazeo Patrimoine, CIFA has also created a digital platform -
parisfashionshops.com (PFS) - which is now the leading ready-to-wear clothing
marketplace for wholesalers and their retailer clients. Eurazeo Patrimoine
remains a shareholder in this platform.

The sales proceeds from this operation represent EUR57 million for Eurazeo's
stake, with a multiple of 2.2x its initial investment and an internal rate of
return (IRR) of around 18%.

Renaud Haberkorn, Managing Partner of Eurazeo Patrimoine: "CIFA's divestment
confirms the relevance of Eurazeo Patrimoine's opportunistic, and value-add
investment strategies. CIFA was our first acquisition and we are very proud to
have not only successfully implemented our original business plan and achieved
an outstanding financial performance, but also added a digital component, whose
development we will continue to support. This major success highlights the
strength of our team and its ability to find quality investment
opportunities".

Jean Baptiste Pracca, Managing Partner of Mata Capital:" We are delighted to
invest once again in Aubervilliers in an asset well positioned to benefit from
the long term gentrification of the area"

About Eurazeo

> Eurazeo is a leading global investment company, with a diversified portfolio
of EUR18 billion in assets under management, including nearly EUR12 billion
from third parties, invested in around 400 companies. With its considerable
private equity, real estate, private debt and fund of funds expertise, Eurazeo
accompanies companies of all sizes, supporting their development through the
commitment of its 270 professionals and by offering deep sector expertise, a
gateway to global markets, and a responsible and stable foothold for
transformational growth. 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.

> Eurazeo has offices in Paris, New York, Buenos Aires, Sao Paulo, Shanghai,
Seoul, Frankfurt, London, Luxembourg and Madrid.

> Eurazeo is listed on Euronext Paris.

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

EURAZEO CONTACTS

PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
Email: pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
Email: vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44

PRESS CONTACT

MAITLAND
DAVID STURKEN
Email: dsturken@maitland.co.uk
Tel: +44 (0) 7990 595 913

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15/04/2024 17:35

EURAZEO (EPA:RF) - Eurazeo Patrimoine sells its interest in CIFA to Mata Capital

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