Eurazeo has announced the completion of the sale in the market in recent days of all its shares in Farfetch, a Eurazeo growth portfolio company. This disposal resulted in net proceeds of €90.4 million, corresponding to a multiple of 4.1x cash-on-cash and an IRR of around 38 per cent. Eurazeo is a leading global investment company headquartered in France.
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, the company said in a press release.Eurazeo has announced the completion of the sale in the market in recent days of all its shares in Farfetch, a Eurazeo growth portfolio company. This disposal resulted in net proceeds of €90.4 million, corresponding to a multiple of 4.1x cash-on-cash and an IRR of around 38 per cent. Eurazeo is a leading global investment company headquartered in France.#
“Eurazeo growth is especially proud to have supported Farfetch in its development strategy since 2016. We wish José Neves, founder and CEO of Farfetch, and his teams every success with their future growth plans,” Yann du Rusquec, partner at Eurazeo growth said.
Fibre2Fashion News Desk (GK)
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