Eurazeo plans to acquire Eres Group for €600 million, enhancing its position in the growing French financial services sector focused on employee profit-sharing and retirement schemes.

Overview of the Deal

The acquirer, Eurazeo, has announced its intention to acquire the Eres Group, following an exit from the IK VIII fund managed by IK Partners. The total transaction size is estimated at €600 million, valuing the deal at 20 times EBITDA. While the financial specifics of the deal will remain confidential until the closing, it was publicly announced on April 22, 2024, with advisory support provided by Cambon Partners for the target and Wil Consulting and FIG Partners alongside McDermott Will & Emery advising Eurazeo.

Information on the Target: Eres Group

Eres Group is recognized as France's leading independent advisor and asset manager, specializing in the structuring and distribution of employee savings plans such as profit-sharing schemes (PEE, PERECO), pension schemes (PER), and employee ownership plans. The company boasts a comprehensive network of over 6,600 distributors and primarily services mid-sized to large corporations.

Founded in 2005 and located in Paris, Eres has witnessed impressive growth in its assets under management, which surged from €2.4 billion in 2018 to €6.7 billion in 2023. This growth reflects an annual rate of approximately 23%, und