In September 2016, Eurazeo opened a New York office in order to directly invest in American companies and establish over the mid term a solid presence in the US, the world’s leading market for private equity. The company is interested on transactions that are of equivalent size to those carried out by Eurazeo Capital (single private equity investments of between USD 200 million and USD 500 million) and sectors in which it boasts expertise, particularly consumer goods and business services. The considerable depth of the US market will enable Eurazeo to promote its specificities, mainly its investment company DNA, long-term investment horizon, family shareholder base and European foothold.
In June 2017, Eurazeo realized its first investment in the United States. Indeed, Eurazeo acquired in partnership with West Street Capital Partners VII, a fund managed by the Goldman Sachs Merchant Banking Division (“GS MBD”), Trader Interactive, an integrated platform of branded marketplaces and digital marketing solutions for the powersport, RV, commercial truck and equipment industries. Eurazeo’s total investment is $226 million for a 50% equity stake.
Beyond the desire to balance the investments between Europe and the United States in the long run, the aim of this establishment is to strengthen the international ecosystem of Eurazeo and to facilitate the acceleration of the international development of companies of which it is a shareholder.
Eurazeo North America comprises a team whose nationalities, experience and expertise will be complementary.
The team is also supported by senior advisors, including Jean-Paul Montupet, an industry leader who has spent more than thirty years with Emerson and retired in 2012. He Held the position of Executive Vice President in charge of Industrial Automation, Chairman of Emerson Europe and an advisory member of the Board of Directors. Jim Goldman, an agri-food specialist who has spent his career there, has also recently joined the team at Eurazeo North America. He was Chairman and Chief Executive Officer of Godiva Chocolatier between 2004 and 2014, and head of business for Campbell and Nabisco. Previously, he had worked for McKinsey & Company.
The New York office is mainly integrated into Eurazeo Capital. Since June 2017, it also include Eurazeo Brands headquarters.
Virginie Morgon is CEO of Eurazeo. Since she joined Eurazeo’s Executive Board in 2008, Ms. Morgon has accelerated the firm’s diversification and growth across investment strategies and geographies, transforming Eurazeo into a multi-strategy international investment firm able to support companies across size and scale, from venture capital to large cap.
Ms. Morgon spent over 16 years as an investment banker at Lazard and became the youngest managing senior partner in Paris in 2001. During her tenure, she advised international groups such as Air Liquide, Danone, Kingfisher, Publicis and Renault. She spent her time in transatlantic cities New York, London and Paris.
She serves on the Board of Directors of Asmodee and Moncler and is an independent Board member of L’Oreal. Previously, she served on the Boards of AccorHotels and Vivendi. Since 2011, Ms. Morgon has been regularly ranked on Fortune’s Most Powerful Women International 50 list. She is a vocal advocate for diversity in leadership, as a founding member of the Women’s Forum for Economy & Society, and for global equality, as Co-Chair of the Paris Committee for Human Rights Watch.
Virginie Morgon has a degree from l’Institut d’Etudes Politiques de Paris (Economics and Finance section) and holds a Master’s in Economics and Management (MIEM) from the University of Bocconi (Milan, Italy).
Follow her on Twitter: @virginiemorgon
Jill Granoff is CEO of Eurazeo Brands, Eurazeo’s fifth investment division. Based in New York, she is responsible for sourcing and executing investments and overseeing the performance of Eurazeo Brands’ portfolio companies.
Ms. Granoff, an accomplished executive with over 25 years’ experience leading consumer-driven companies, is best known as a strategist and brand builder in the fashion, beauty and retail industries. Before joining Eurazeo in May 2017, she was the CEO of Vince, where she led its IPO in November 2013 achieving a $1B market cap. Prior to this role, she was the CEO of Kellwood Company and Kenneth Cole Productions.
Earlier in her career, she held executive positions at Estée Lauder, Victoria’s Secret Beauty and Liz Claiborne, where she had global responsibility for Juicy Couture, Lucky Brand Jeans and Kate Spade. Ms. Granoff is currently a Director of the Fashion Institute of Technology (FIT) in New York and the International Women’s Forum. She has also served on the boards of Demandware (now Salesforce Commerce Cloud) and Cosmetic Executive Women (CEW). Ms. Granoff has received numerous awards including the CEW Achiever Award, Foundation Fighting Blindness Visionary Award and LIM College Distinguished Achievement Awards, among others.
Ms. Granoff received her bachelor’s degree, summa cum laude, Phi Beta Kappa, from Duke University and her master’s from Columbia Business School.
Eric Schaefer is Managing Director of Eurazeo Capital, based in New York. He is responsible for sourcing and executing investments and overseeing the performance of Eurazeo’s portfolio companies. Since joining the firm in 2004, Mr. Schaefer has specialized in the consumer goods and business services sectors and participated in the structuring or development of Eutelsat, B&B Hotels, Europcar, Elis, Asmodee, CPK and Trader Interactive. He currently serves on the boards of Europcar Groupe SA, Asmodee Group, CPK and Trader Interactive.
Mr. Schaefer was named a Dow Jones’ Private Equity News 40 Under 40 Rising Stars of Private Equity in 2015 and a French American Foundation Young Leader in 2016.
Mr. Schaefer has master’s degrees in finance from Ecole Polytechnique and HEC-Paris.
Alina C. DiMeglio is a Principal of Eurazeo Capital, based in New York. She is responsible for sourcing and executing investments and overseeing the performance of Eurazeo North America’s portfolio companies. Ms DiMeglio specializes in the consumer and business services sectors, including food/beverage, beauty & personal care, household care and juvenile products. Prior to joining Eurazeo, Ms DiMeglio was a Vice President at Swander Pace Capital, a middle-market consumer private equity firm focused on consumer goods. Earlier in her career, she was a generalist Associate at Kohlberg & Company, and was an analyst in the Mergers & Acquisitions Group at Merrill Lynch.
Ms DiMeglio received an M.B.A from the Wharton School of the University of Pennsylvania and a Bachelor of Science from Leonard N. Stern School of Business at New York University
Henri Domange joined Eurazeo Capital in New York in 2016. Prior to joining the firm, Henri spent three years with Los Angeles-based private equity firm Freeman Spogli & Co., where he focused on investments in the consumer and distribution spaces. Prior to that, he worked in investment banking at Guggenheim Securities in the consumer retail group.
Bachelor of Arts in Business Economics from the University of California, Los Angeles.
Justin Schlegel joined Eurazeo Capital in New York in 2016. Prior to joining the firm, Justin was an investment associate with Boston-based private equity firm BV Investment Partners, where he focused on investments in the information & business services and communications sectors. Prior to that, he worked in investment banking in Jefferies LLC’s New York office in the media and telecommunications group where he advised clients in M&A, debt and equity transactions.
Bachelor of Science in Commerce with a concentration in Finance and International Business from the University of Virginia
Prior to joining Eurazeo, Sarah spent two years working as an analyst in the Mergers & Acquisitions group at Bank of America Merrill Lynch. She executed several buyside and sellside transactions across multiple industries.
Sarah holds a Bachelor of Arts (BA) from Dartmouth College.
George Birman is responsible for sourcing and executing investments and overseeing the performance of Eurazeo Brands’ portfolio companies. George specializes in the branded consumer products and retail sectors, covering food and beverages, beauty and personal care, household care, apparel/retail, pet care, and leisure/hospitality.
Prior to joining Eurazeo, George was an investment professional with VMG Partners in San Francisco, a consumer-focused private equity firm with $1bn of AUM. Prior to VMG, George worked in corporate development and mergers and acquisitions at Heineken NV in New York. He began his career as a consumer and retail sector investment banking analyst with Rothschild.
George holds a BS in International Politics from the School of Foreign Service at Georgetown University in Washington, D.C. and completed a year of exchange at Sciences-Po Paris. He also holds an MBA from the Wharton School and an MA in International Studies from the Lauder Institute at the University of Pennsylvania. George is proficient in French, Spanish, and Russian.
Jordan began his career in 2015 as an analyst in the Mergers & Acquisitions Group at Bank of America Merrill Lynch. During his tenure, Jordan contributed to the successful execution of multiple buyside and sellside transactions across an array of industries.
Jordan holds a Bachelor of Business Administration (BBA) from the Stephen M. Ross School of Business at the University of Michigan.
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