French private equity firm Eurazeo, through its mid-large buyout team, has agreed to invest in Eres Group and acquire a majority stake from the IK VIII Fund managed by European private equity firm IK Partners, alongside the company’s management team and employees.
According to a press release, Eurazeo’s investment is intended to enable Eres to pursue its growth strategy alongside Mathieu Chauvin, the company’s CEO; Alexis de Rozières, Managing Partner of Eres; and the rest of the management team.
Completion of the transaction is subject to obtaining relevant regulatory approvals, after which definitive financial information will be disclosed.
Eres was established in 2005 and provides advisory and structuring, asset management and distribution of employee profit sharing plans, retirement schemes and employee shareholding plans. The company distributes its products through more than 6,600 distributors including wealth management advisors, insurance brokers and accountants, while working directly with mid-sized companies and large groups.
Between 2018 and 2023, Eres’s AUM increased from €2.4bn to €6.7bn.
