EURAZEO invests in Novacap

EURAZEO invests in Novacap

Novacap is pleased to announce that Eurazeo, the listed investment company, has signed an agreement to invest in the Novacap group and will become the majority shareholder alongside Mérieux Développement, Ardian and the management . Pending the approval of the relevant regulatory authorities, the transaction should be completed by the summer.

Subject to the completion of the acquisition, the current floating rate notes ('FRN') will be refinanced with a loan.

The common goal is to accelerate the group’s growth by bolstering its position in five target markets, which combine both resilience and high growth, and by continuing to develop additional products for its current portfolio, particularly high added - value specialty products such as APIs, sodium bicarbonate or oxygenated solvents. To achieve this, Novacap will draw on its ability to innovate and an external growth policy based on partnerships and targeted acquisitions, mainly in the pharmaceutical and cosmetics industries . This will also help to boost its international coverage, both industrially and commercially.

About Eurazeo

With a diversified portfolio of 5 billion euros in assets, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its four business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME and Eurazeo Patrimoine.

About Mérieux Développement

Mérieux Développement is an affiliate of Institut Mérieux , which employs around 15 , 000 employees worldwide, with consolidated revenues exceeding 2. 4 billion Euros in 2015. Mérieux Développement is an evergreen fund specialized in the healthcare and nutrition sectors, conducting private equity and venture capital transactions on a global basis. Mérieux Développement brings its expertise and international network to enable entrepreneurs to disrupt and create new markets.

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EURAZEO invests in Novacap

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