Eurazeo sells entire stake in Farfetch

Eurazeo has completed the sale of all its shares in Farfetch, a Eurazeo Growth portfolio company.

This disposal resulted in net proceeds of EUR90.4 million, corresponding to a multiple of 4.1x cash-on-cash and an IRR of around 38 per cent. It is the second portfolio exit for Eurazeo Growth, after PeopleDoc in 2018.

Eurazeo had been a shareholder in Farfetch, an online marketplace connecting fashion and luxury goods brands as well as multi-brand boutiques with customers in 190 countries, since May 2016. Over this period, the Group accompanied the company’s growth, particularly by helping it develop its business among luxury goods brands and expand its geographic footprint in China and other countries.
Yann du Rusquec, Partner at Eurazeo Growth, says: "Eurazeo Growth is especially proud to have supported Farfetch in its development strategy since 2016. We wish José Neves and his teams every success with their future growth plans."