Clifford Chance Advises Eurazeo on Sale of Asset Portfolio and Structuring of New Fund

Clifford Chance advised Eurazeo on the sale of a portfolio of assets and on the structuring of a new fund to hold those assets. Eurazeo has entered into an agreement to sell to a third-party, at no discount, approximately €260 million in assets that had previously been carried on its balance sheet as part of its Elevate strategy, which is dedicated to the lower mid-cap segment. These assets will be transferred to and carried by a dedicated fund that will continue to be managed by Eurazeo. The transaction represents approximately 50% of the Group's stake in the PME III and PME IV funds and reduces the balance-sheet share to roughly 20% for each of those vintages. Eurazeo will receive half of the sale proceeds immediately and will be entitled to additional payments under a value-sharing mechanism upon realisation of the underlying assets. Clifford Chance represented Eurazeo with a team composed by: Xavier Comaills, partner (funds); Louis-Guillaume Cousin, counsel (funds); Alexandre Gardini, associate (funds); Grégoire Gennetais, associate (funds); Pierre Goyat, partner (tax); Elise Poiraud, associate (tax).

Clifford Chance Advises Eurazeo on Sale of Asset Portfolio and Structuring of New Fund

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