Eurazeo has entered into exclusive negotiations with the French infrastructure investor InfraVia for the sale of its 41 per cent stake in Grandir, an operator of nurseries and schools in France, Europe and North America. The closing of the deal is expected in the coming months.
Through the sale of its Grandir stake, Eurazeo is set to earn a 2.0x return on its initial investment, thanks to the company’s strong growth and international expansion between 2016 and 2021.
Over the last five years, Eurazeo’s mid-large buyout professionals have worked alongside Jean-Emmanuel Rodocanachi and his management team, bringing their expertise and lending their support to further Grandir’s growth and development, thus helping the company increase the number of nurseries and schools managed from about 250 to more than 650 and its revenue from EUR140 million to nearly EUR400 million.
Since Eurazeo’s investment in 2016, Grandir has solidified its position as a pioneer and leader in the French market by adopting a cohesive and ambitious organic growth strategy in order to meet the needs of families on waiting lists.
Read more/Source: Private Equity Wire
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