Eurazeo’s Combined Shareholders’ Meeting took place today at the Pavillon Gabriel in Paris and was live streamed on the Company’s website. All 40 resolutions put to shareholders were approved, including the payment of an ordinary dividend of €1.75 per share and a special dividend of €1.25 per share, both of which will be paid on May 4, 2022.
This Shareholders’ Meeting capped off a year of record financial and non-financial results in 2021 that illustrated the solidity and success of Eurazeo’s strategy.
The Group’s assets under management rose 42% to almost €31 billion, driven by a new high for fundraising of €5.2 billion, while NAV came to €117.8 per share as of December 31, 2021, a year-on-year increase of 40%, dividends included. Due to this excellent performance, the Group is now among the top five largest private equity firms in the European Union, out of a total of 7,000 investment companies.
Non-financial highlights of 2021 include the following:
• Eurazeo became the first private equity firm in the world to submit its carbon reduction pathway to the Science Based Targets initiative, the leading authority for guidance and assessment in this area, which validated its ambitious targets in February 2022.
• The Group launched two new funds investing in a more sustainable and more inclusive economy.
• Eurazeo was ranked in the top 3% of the best asset managers in Europe by Sustainalytics.
Virginie Morgon, Chief Executive Officer, confirmed that Eurazeo will continue building on its strong momentum in 2022–2023 by investing in its areas of expertise, driving performance across all its strategies, stepping up the development of asset management on behalf of third parties, and expanding internationally through organic growth or acquisitions. She reaffirmed the Group’s target to reach €60 billion in assets under management within five to seven years.
At the meeting, the shareholders also approved the appointment of Mathilde Lemoine and Serge Schoen as Supervisory Board members as well as the renewal of the terms of office of Michel David-Weill, JCDecaux Holding SAS, Olivier Merveilleux du Vignaux, Amélie Oudéa-Castera and Patrick Sayer as Supervisory Board members.
With effect from today, in accordance with the decision taken by the Supervisory Board in its meeting on March 8, Jean-Charles Decaux succeeds Michel David-Weill as Chairman of the Supervisory Board.