(CercleFinance.com) – Eurazeo has entered into a financing agreement with the alternative asset manager Blackstone aimed at supporting the growth of the Premium group, a savings and retirement products broker in which it is the majority shareholder.
The agreement signed with the management team of Premium and Montefiore Investment provides that the funds managed by Blackstone provide 400 million euros in equity and quasi-equity financing.
According to Eurazeo, this investment aims to provide Premium with the flexibility and additional means to support its growth.
The transaction would value the company at €1.15 billion, including around €185 million in sale proceeds to be received on the transaction completion date, including around €65 million for Eurazeo.
It should be noted that the British investment bank Barings has also renewed its support for Premium, via the establishment of new financing of 300 million euros.
Eurazeo, which entered the capital of Premium in 2021, would retain control of the company, thus reaffirming its “confidence for the years to come”.