EURAZEO COMPLETES THE SALE OF ULTRA PREMIUM DIRECT TO INSPIRED PET NUTRITION

Eurazeo has completed the sale of Ultra Premium Direct, France’s leading direct-to-consumer online pet food company, to INSPIRED PET NUTRITION, the fast-growing international pet food company controlled by CapVest Partners LLP.

With this sale, Eurazeo reaffirms its ambition to back leading European companies at key stages of their growth, while highlighting both the quality of Eurazeo’s portfolio and its ability to deliver profitable exits.

The transaction has generated a gross cash-on-cash of 2.1x^[1] on Eurazeo’s initial investment 
with around €138 million of proceeds being allocated to Eurazeo’s balance sheet, above its carrying value.

Footnotes

1. Including pre-closing proceeds ↑