The Eurazeo Capital fund, which invests in large companies, enjoyed a very buoyant momentum in the third quarter. They reported their revenues up almost 14%, driven “by the positive trend in very diversified segments”.
The group mentions, among other things, the good performance of its investments in insurances, tourist tax relief, and payments.
Reporting on the state of things
The report on the current state of Europe’s economies includes Eurazeo’s majority shareholdings and those in which it holds a significant, even if not a majority, interest.
Revalued net assets (NAV), a key indicator that reflects the value of the companies held in the Group’s portfolio, rose by 4.7% at the end of September compared to its level at the end of 2018.
Eurazeo PME, a division focused on small and medium-sized companies, recorded a resurgence of activity in the third quarter and an increase in revenue of more than 7%.
Significant shifts in regulations
The explosion of sports betting in 2019, in part driven by significant shifts in the U.S. regulations, and the concurrent rise of disposable income in Africa, has forced sports betting focused companies to rapidly innovate to grab a piece of two huge emerging markets.
Like the Eurazeo, sports betting and other industries need to adapt to rapidly changing market conditions in order to thrive.
Elsewhere, Eurazeo Brands, dedicated to European and American brands, benefited from “the excellent traction of all its companies” while Eurazeo Patrimoine’s real estate asset management continued to grow “on its clinical platforms and in photovoltaics, and reaps the benefits of the renovations of its hotel portfolio,” the company is pleased to report.
With regard to investment activities in the third quarter, Eurazeo claims 63 transactions, including 34 new investments and 29 reinvestments for an amount of $1.5 billion, more than double the amount invested over the same period in 2018. In addition, the group carried out 42 total and partial disposals for $750 million.
In asset management, funds under management amounted to $19.5 billion at the end of September, up more than 10% compared to the end of 2018, driven by the growth in assets under management on behalf of third parties, the company explains in the release.
The cannabis sector offers new investment opportunities
Europe is defying expectations with growth, even in traditionally sluggish economies like France. One potential sector that investors are keeping a close eye on is the cannabis sector.
The European medical cannabis market is set to be one of the largest in the world, dwarfing even the U.S. and Canada. In order for European investors to capitalize on cannabis opportunities, it is important that they remain informed.
This is where investment news apps like Hemp.IM comes in handy. Hemp.IM provides bite-sized news about the latest developments in the dynamic cannabis sector.
First published in Economie, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
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