Edmond de Rothschild Private Equity and Elyan Partners raise over €500m for ERES IV - the fund will invest in midcap companies in Europe and North America

• With €512 million raised, ERES IV exceeds its target size

• This success results from the strong demand from the Edmond de Rothschild Group’s existing private and institutional clients, as well as from the appetite of new clients

• ERES IV has already completed 4 transactions in the United States and Europe in its three investment themes

Edmond de Rothschild Private Equity and Elyan Partners SAS (“Elyan Partners”) are pleased to announce the final closing of Edmond de Rothschild Equity Strategies IV SLP ("ERES IV"), more than 20 years after the launch of this midcap buyout strategy within the Edmond de Rothschild Group. More than €500 million were raised for the final closing of this fourth vintage, from both existing and new investors. ERES IV exceeded its target of €450 million and its previous vintage (2016) size of €300 million.

The ERES IV fund invests in midcap companies with strong development potential in Europe and North America. ERES funds' investment strategy is focused on promising and long-term growth themes, in which the team has confirmed its expertise through previous vintages: services to biotechs, digitalization of services and new consumers.

Through its flexible approach, combining minority and majority investments, and focused on finding tailor-made solutions in close collaboration with the companies' management, the investment team puts its experience, talent and network at the service of portfolio companies’ growth, particularly internationally. It also helps them with issues of sustainable development, digitalization and institutionalization.

 ERES IV has already begun to deploy its capital with four closed investments: three deals in the United States (Envoy Global, Freightwise and HungerRush) and one in France (Oncodesign), and has a strong pipeline of new investments. A fifth investment in Germany is also in the process of being finalized with a closing expected in the second quarter.

"Over the past 20 years, we have developed a multi-geography investment model, which is based on major growth and transformation trends for our companies. This fundraising marks an important milestone for ERES funds and Elyan Partners and demonstrates the relevance of our model in the midcap buyout market, which has given us access to a range of new investors. Our conservative approach combining value add, conservative leverage and diversification have historically contributed to the performance of the ERES funds, regardless of the macroeconomic environment. Today's rapidly changing environment presents many challenges but also many opportunities," said Jean-François Félix and Jérémie Mélin, Managing Partners of Elyan Partners.

Johnny el Hachem, CEO of Edmond de Rothschild Private Equity said: "ERES is Edmond de Rothschild Private Equity's historic strategy and the success of this round validates our clients' confidence in our approach over many years. It is proof of our ability to create value for investors and for companies, which, more than ever, need the expertise of experienced teams to support them in their international development and the sustainable transformation of their business model”.

ABOUT ELYAN PARTNERS

Elyan Partners is a financial investment advisor member of the Edmond de Rothschild Private Equity partnership. Elyan Partners is the exclusive advisor to the ERES funds and advisor to the Privilege funds of the Edmond de Rothschild Group. ERES IV invests in mid-sized companies in Europe and North America, primarily in three themes: services to biotechs, digitalization of services and new consumers.

ABOUT ERES IV

ERES IV is a professional specialized fund formed as a “société de libre partenariat” (SLP) whose management company is Edmond de Rothschild Private Equity (France) approved by the French Financial Markets Authority (AMF), a “société par actions simplifiée” (S.A.S) . ERES IV is a fund registered under French law declared to the AMF. ERES IV is not open for marketing and is reserved for professional investors within the meaning of the MiFID Directive. Any investment in private equity involves specific risks, including the risk of capital loss, discretionary management and liquidity risk.

ABOUT THE EDMOND DE ROTHSCHILD GROUP

As a conviction-driven investment house founded upon the belief that wealth should be used to build the world of tomorrow, Edmond de Rothschild specialises in Private Banking and Asset Management and serves an international clientele of families, entrepreneurs and institutional investors. The group is also active in Corporate Finance, Private Equity, Real Estate and Fund Services.

With a resolutely family-run nature, Edmond de Rothschild has the independence necessary to propose bold strategies and long-term investments, rooted in the real economy.

Founded in 1953, the Group had nearly CHF 178 billion in assets under management at the end of December 2021, 2,500 employees, and 32 locations worldwide.

Press contact:

EDMOND DE ROTHSCHILD

Florence Gaubert: + 33 6 25 28 11 51 –f.gaubert@edr.com