Eurazeo sells stake in Farfetch for €90m

Eurazeo sells stake in Farfetch for €90m

Paris-based private equity firm Eurazeo has sold its entire shareholding in the online marketplace company Farfetch. This disposal resulted in net proceeds of €90.4m, corresponding to a multiple of 4.1x cash-on-cash and an internal rate of return (IRR) of around 38%....
France broadens retail investor access to private equity

France broadens retail investor access to private equity

France’s state-backed investment bank BPI has launched an innovative fund to provide access for retail investors to private equity strategies as part of a government plan to encourage greater participation in long-term investments. France’s push to open private equity...