Scotto is advising the executive shareholders of the investment management firm Idinvest in connection with its merger with Eurazeo

Eurazeo, IDI, and the management shareholders of Idinvest Partners (“Idinvest”) have entered into a definitive agreement regarding Eurazeo’s acquisition of approximately 70% of Idinvest’s equity, including, in particular, IDI’s entire stake, which represented 51% of the equity.

This transaction, the completion of which remains subject to the fulfillment of certain conditions precedent, values Idinvest at €310 million. Pledges to buy and sell relating to Eurazeo’s gradual acquisition, over the next few years, of the remaining shares held by the executive shareholders were also entered into at this time.

Independent since 2010 and with a team of 90 employees working out of its offices in Paris, Frankfurt, Madrid, and Shanghai, the asset management firm Idinvest manages nearly 7 billion euros on behalf of institutional investors and more than 80,000 individual investors, who thereby help finance European companies. Across all of its business lines, Idinvest’s investment performance has consistently ranked it among the market’s top players for many years.

As part of this transaction, the Scotto law firm is advising Idinvest’s executive shareholders, with Lionel Scotto le Massese (partner), Adrien Badelon, and Antonin Balsan handling corporate matters; Jérôme Commerçon (partner), Xavier Colard, and Laurence Gautier handling tax matters; and Sérafine Poyer (counsel) handling labor and employment matters.

Eurazeo is being advised by Bredin Prat, and IDI by Mayer Brown.