Capzanine opens its capital
French boutique Capzanine, specialised in the mixed ‘capital and private debt’ investment sector, has announced Eurazeo and AXA France have both purchased a 22% stake in its capital.
Capzanine’s management will remain the majority shareholder.
Besides acquiring stakes, Eurazeo and AXA France have committed to a joint investment of €380m in two investment funds to be raised in 2016.
This deal aims t0 help Capzanine to fast tracking growth on its debt and equity business segments and develop international partnerships. The transaction is subject to the French markets’authorities approval.
Eurazeo will invest primarily in the first fund while AXA France will invest mainly in the second.
– The first fund will be reserved for companies with EBITDA below €10m, in its capacity as a capital investor (majority or minority stakeholder) and mezzanine arranger. The purpose of this fund will be to raise €300m.
– The second fund will be reserved for companies with EBITDA above €10m, in its capacity as a mezzanine or unitranche arranger. The purpose of this fund will be to raise between €750m and €800m.
Launched in 2004, Capzanine manages over €1.1bn in assets spread over 3 funds and one mandate.