EURAZEO (EPA:RF) - EURAZEO ENTERS INTO AN EXCLUSIVITY AGREEMENT WITH A VIEW TO ACQUIRING GROUPE PREMIUM, A LEADING BROKER FOR SAVINGS AND PENSIONS PRODUCTS

Transparency directive : regulatory news

18/03/2021 07:28

PRESS RELEASE

EURAZEO ENTERS INTO AN EXCLUSIVITY AGREEMENT WITH A VIEW TO ACQUIRING GROUPE
PREMIUM, A LEADING BROKER FOR SAVINGS AND PENSIONS PRODUCTS

Paris, March 18th, 2021

Eurazeo, via its Eurazeo PME subsidiary, has signed an exclusivity agreement
under which it would invest, as a majority shareholder, alongside Groupe
Premium's current shareholders - Montefiore Investment, Groupe Premium's
management including Olivier Farouz, Laurent and Didier Zerbib, Benoît Jauvert
and other key executives, together with independent agent partners. The
transaction would value Groupe Premium at EUR290 million and Eurazeo PME's
investment should be around 100 million euros, depending on the level of
reinvestment by current shareholders.

Groupe Premium was founded in 2000 and is France's leading independent broker
for life insurance and retirement savings solutions aimed at the "mass
affluent" segment, the fastest-growing part of the market. Through its
Predictis and Capfinances brands, Groupe Premium is the largest independent
distributor for leading insurers - Swiss Life, Aviva and Groupama Gan Vie - in
terms of quality inflows collection. The group also has an asset management
company, Flornoy, which manages several SRI-accredited thematic funds.

Groupe Premium relies on an exceptional commercial network consisting of more
than 600 independent agent partners, who cover an increasing proportion of
France and offer clients a comprehensive approach to wealth management. The
group generated EUR66.7 million of revenue in 2020, up 28.5% relative to 2019,
despite the Covid-19 crisis.

The shared ambition of Eurazeo PME, Montefiore Investment and the management
team is to accelerate the group's growth by continuing to expand its network
and geographical coverage, by an active buy-and-build strategy with some
targets already identified, and by supporting the group's development in key
areas such as digitalization, product offering diversification and CSR.

Pierre Meignen and Benjamin Hara, members of Eurazeo PME's Executive Board,
said:

"We would be delighted to support Groupe Premium in this new chapter of its
development and to contribute to its success. Our ambition will be to help
Olivier Farouz's team execute their accelerated growth strategy, which aims to
build an industry leader in the transformation of the life insurance and
retirement savings market."

Olivier Farouz, Chairman and Founder of Groupe Premium, added:

"I would be very happy to welcome Eurazeo as an investor in Groupe Premium.
Eurazeo's teams have shown great professionalism and proposed a very exciting
new challenge, but most importantly they have understood the DNA of Groupe
Premium, which is above all a disruptive, people-driven business. Groupe
Premium's fundamental values are support, social mobility and meritocracy.
This approach will be a major advantage in helping us realize our ambitious
project, particularly in terms of acquisitions."

Eric Bismuth, Chairman of Montefiore Investment, concluded:

"We are very proud of Groupe Premium's transformation since we invested into
the group in April 2018. Driven by its management team, it has achieved faster
organic growth by rolling out its distribution model, which is almost unique in
the market, while carrying out several transformative mergers, particularly
with Cap Finances and Flornoy. We look forward to welcoming Eurazeo as fellow
investors, because this will enable the group to begin a new phase in its
development."

About Eurazeo
* Eurazeo is a leading global investment company, with a diversified portfolio
of EUR21.8 billion in assets under management, including EUR15.0 billion from
third parties, invested in over 430 companies. With its considerable private
equity, real estate and private debt expertise, Eurazeo accompanies companies
of all sizes, supporting their development through the commitment of its nearly
300 professionals and by offering in-depth 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, Sao Paulo, Seoul, Shanghai,
Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
* Eurazeo is listed on Euronext Paris.
* ISIN : FR0000121121 - Bloomberg : RF FP - Reuters : EURA.PA

About Groupe Premium

* Groupe Premium was founded in 2000 by Olivier Farouz and his partners. It is
a leading broker specializing in retirement savings, life insurance and death
and disability insurance.
* Based in Boulogne, near Paris, it employs around 130 people and has more than
16 locations in France. Its high- quality insurer partners and its fast-growing
network make Groupe Premium a leading distributor of savings products in
France.
* https://www.groupepremium.com

PRESSE CONTACT:
LTV COMMUNICATION : Laura Teboulle Vassen - Tel: 0786717136 -
Laurateboulle@ltvcommunication.com
GROUPE PREMIUM : Yaelle Saporta - Responsable Marketing et Communication -
Tél. : 0699066868

About Montefiore Investment

* Founded in 2005, Montefiore Investment is a specialist investor in the French
services industry. Over 15 years, the company has demonstrated its ability to
turn French SMEs into true European champions. Thanks to its strong sector
experience and knowhow, Montefiore Investment successfully supports companies
with their growth projects and development. Its track record makes it one of
the key mid-market private equity players in France.
* Based in Paris, Montefiore Investment manages over EUR2 billion of assets,
through investments of EUR20-200 million per company. Its investments include
Voyageurs du Monde, Isabel Marant and Groupe Open. Montefiore Investment is
also developing a complementary specialist real-estate investment business.
* www.montefiore.fr

PRESS CONTACT : Marion FELIX / Catherine ISNARD
Mail : cicom@cicommunication.com - Tél. : +33 1 47 23 90 48

EURAZEO CONTACTS

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

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

PRESS CONTACT

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

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EURAZEO (EPA:RF) - EURAZEO ENTERS INTO AN EXCLUSIVITY AGREEMENT WITH A VIEW TO ACQUIRING GROUPE PREMIUM, A LEADING BROKER FOR SAVINGS AND PENSIONS PRODUCTS

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