Eurazeo SA

RF

Equity

ISIN FR0000121121 / Valor 517723

Euronext - Euronext Paris (2026-06-03)

EUR 44.94+2.03%

Eurazeo SA
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About company

Eurazeo SA is a prominent investment company that specializes in private market asset management, leveraging the expertise of its committed investment professionals, experienced investment partners, and high-level operational experts. The firm operates across a broad spectrum of investment strategies, including but not limited to, private equity, venture capital, and real estate, aiming to deliver substantial value to the companies it invests in, as well as its investors and shareholders. With a strategic focus on long-term growth, Eurazeo SA employs a hands-on investment approach, providing not just capital but also strategic guidance to foster the development and expansion of its portfolio companies. The company's reputation as a leader in its field is built on a foundation of strong performance, deep market knowledge, and a global network of relationships that it leverages to identify and capitalize on investment opportunities.

Summarized from source with an LLMView SourceSector: Business Services

Fundraising

Q1 2026 fundraising totaled €1,053m (+11% YoY), driven by Private Debt (€852m, +91%) while Private Equity raised €201m (reflecting timing vs. strong 2025 closings).

Assets under management

AUM reached €39.2bn (+7% LTM), with third‑party AUM at €30.4bn (+14%). Fee‑paying AUM was €28.9bn (+5% LTM; +13% third‑party).

Management and performance fees

Management fees totaled €105m (+3% pro forma), including €80m from third parties (+10%); performance fees were €5m (>2x Q1 2025) with expectations they will grow over the cycle.

Asset rotation — realizations and deployments

Realizations jumped 140% to €0.6bn (notably Fermax and Ex‑Nihilo sold ~150% above last valuations); deployments were €0.9bn (+17%), with Private Debt deployments particularly active (€709m).

Balance sheet and liquidity

Consolidated net financial debt was €1,047m (~€16/share), implying limited gearing of ~16%. Dry powder stood at ~€6.2bn and uncalled balance‑sheet commitments ~€2.0bn.

Credit profile and bond issuance

Eurazeo received BBB (stable) from S&P and Fitch and completed a €500m senior bond (maturity 2031, coupon 4.625%) that was ~4x oversubscribed, diversifying funding and extending maturities.

Portfolio operating performance

Balance‑sheet portfolio (carried at €6.8bn, not revalued quarterly) showed solid revenue trends: Buyout +6%, Growth +22% (EGF IV ~+58%), hospitality +6% and sustainable infrastructure +36%.

Shareholder return

The AGM approved an ordinary dividend of €2.92 per share (+10% vs 2025) and a 2026 share buyback program of ~4% of capital (≈€200m), with ~1% repurchased in Q1 (~€30m).

Business mix and outlook

Private Debt and Secondaries remain growth drivers; Wealth Solutions AUM rose to €5.9bn and evergreen EPVE 3 reached €3.7bn. Management reiterated a pipeline of exits and expects PRE (performance fees) to represent ~10% of third‑party revenues over the medium term.

Summarized from source with an LLMView Source

Key figures

-22.9%1Y

-27.2%3Y

-35.7%5Y

Performance

33.1%1Y

28.9%3Y

27.7%5Y

Volatility