Tikehau fully exits Eurazeo

Over the course of 2021, Tikehau disposed of a total of 5,165,207 Eurazeo shares at an average unit price of EUR 77.48. The group's investment in Eurazeo generated profits of EUR 182m for Tikehau over the entire holding period, equating to an IRR of 10.7%.

As part of the sale, Eurazeo bought back around 300,000 of its own shares at a unit price of €72.50 per share on 1 December. The buy-back, which totals EUR 24m, is in line with the share buy-back policy Eurazeo has pursued for several years, the firm said in a statement.

Tikehau had taken a position in its rival's share capital in 2017, but started offloading it not long after. In 2019, it sold a 4.45% stake in a private placement, netting total proceeds of EUR 224.3m. Tikehau retained a 5.1% residual stake in Eurazeo's share capital following that sell-down.

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• Topics
• GPs
• France
• Eurazeo
• Tikehau Capital