Eurazeo adds to Executive Board
Eurazeo's Supervisory Board has appointed Christophe Bavière as member of the company's Executive Board for the remainder of his current term of office (March 2022).
Bavière is Senior Managing Partner and Head of Investment Partners at Eurazeo, as well as a co-founder of Idinvest Partners and Chairman of its Executive Board since 2001. He has responsibility for the Group’s entire fundraising strategy, including marketing and relationship management with both institutional and individual investors. Under his leadership, the Group had its best-ever year in terms of fundraising in 2020, with leading investors entrusting EUR2.9 billion to Eurazeo. With more than 30 years of experience in private equity in France and Europe, he will bring his energy, his experience as a successful entrepreneur and leader at Idinvest Partners, and his unique knowledge of the Private Equity and Private Debt markets to Eurazeo’s Executive Board.
The Group will also be able to rely on the acknowledged talent and experience of Benoist Grossmann, another of Idinvest’s co-founders. Idinvest Partners’ governance structure has been adjusted and simplified since Eurazeo’s purchase in November 2020 of the remainder of the Idinvest Partners ordinary shares that it did not previously own, with the creation of a Board of Directors chaired by Virginie Morgon, and Grossmann taking the role of CEO.
Morgon, Chairwoman of Eurazeo’s Executive Board, says: "We are delighted to welcome Christophe to the Group’s Executive Board and to have Benoist as CEO of Idinvest Partners. These appointments recognise their outstanding contribution to the Group since Idinvest became part of Eurazeo in 2018 and reflects our ambition of developing our asset management business after a year of rapid growth in 2020. I am proud that the Group will be able to draw on the experience, talent and entrepreneurial vision of two such well respected professionals. They embody the quality and unique commitment of all our Group’s people, who are resolutely focused on growth.”