{"id":13461,"date":"2023-03-17T13:23:30","date_gmt":"2023-03-17T12:23:30","guid":{"rendered":"https:\/\/elyan.com\/2023\/03\/17\/elyan-partners-in-the-press-eres-iv-beyond-its-objectives\/"},"modified":"2023-03-17T13:23:30","modified_gmt":"2023-03-17T12:23:30","slug":"elyan-partners-in-the-press-eres-iv-beyond-its-objectives","status":"publish","type":"post","link":"https:\/\/elyan.com\/fr\/2023\/03\/17\/elyan-partners-in-the-press-eres-iv-beyond-its-objectives\/","title":{"rendered":"Elyan Partners in the press: ERES IV beyond its objectives"},"content":{"rendered":"\t\t
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The fourth vintage dedicated to mid-cap buyout operations, managed by Edmond de Rothschild Private Equity and advised by Elyan, has raised more than \u20ac500 million, significantly surpassing its predecessor (\u20ac300 million). It will invest tickets of \u20ac30\u201360 million across 10 to 15 portfolio companies.<\/span><\/span>\u00a0<\/h3>

Edmond de Rothschild Equity Strategies IV \u2014 <\/span>ERES IV <\/b><\/span>\u2014 ultimately raised <\/span>\u20ac512 million<\/b><\/span>, exceeding its target size of \u20ac450 million. This fund, dedicated to the Group\u2019s mid-cap buyout strategy, has substantially outperformed its predecessor, closed in 2016 at \u20ac300 million, and now has sufficient resources to invest average tickets ranging from \u20ac30 to \u20ac60 million (with a minimum of \u20ac20 million and a maximum of \u20ac100 million) in 10 to 15 companies.<\/span><\/p>

The target for this SLP? Growing businesses,<\/b> with 40% located in North America, 30% in France, and the remainder elsewhere in Europe\u2014operating in sectors such as biotech services, service digitalization, and those serving \u201cnew consumers\u201d, such as affluent seniors adopting new usage patterns. This geographic and sector diversification convinced both historical LPs and new investors.<\/p>

Jean-Fran\u00e7ois Felix, <\/b>Managing Partner at Elyan Partners, exclusive advisor to the ERES funds for the Edmond de Rothschild group, its minority shareholder, says:<\/p>

\u201cOur investment strategy\u2014combining added value, measured leverage (below three times EBITDA), and diversification\u2014has paid off in terms of returns, despite the macroeconomic environment,\u201d<\/i><\/p><\/blockquote>

\u201cAdded to this, the performance of the ERES III fund\u2014whose IRR ranges between 15% and 18%\u2014helps make the fund attractive both in France and internationally.\u201d
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Strong Support from Existing Investors<\/b><\/h4>

Launched in early 2021 in a favorable environment, the fundraising was completed in a more turbulent context, but with strong backing from investors already present in the previous fund, who contributed nearly two-thirds of the amount raised. The subscriber base\u2014made up of institutional investors and major French and international family offices\u2014is composed largely of private individuals.<\/p>

For the first time in its history, the Edmond de Rothschild group opened the fund to third-party distributors (IFAs) and set up two feeder vehicles, in France and Luxembourg, to accommodate this new category of investors\u2014whose smallest ticket is \u20ac500,000.<\/p>

Fifth Investment Underway<\/b><\/h4>

Whether taking minority or majority positions in portfolio companies, the Elyan team shows a preference for primary deals and does not shy away from complexity \u2014 as demonstrated by ERES IV\u2019s first transaction in France this summer, Oncodesign, where Elyan supported the carve-out and spin-off of an activity, as well as its delisting.<\/p>

Investors have also completed three additional US investments (Envoy Global, Freightwise, and Hungerrush). Another transaction involving Cheops fell through two days before closing.<\/p>

Aiming to complete three to four deals per year, Elyan Partners is reportedly finalizing a deal in Germany, with closing expected in the second quarter.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Elyan Partners in the press: ERES IV beyond its objectives<\/p>\n","protected":false},"author":1,"featured_media":12477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[151],"tags":[139],"class_list":["post-13461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-presse","tag-eres-iv-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/posts\/13461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/comments?post=13461"}],"version-history":[{"count":0,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/posts\/13461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/media\/12477"}],"wp:attachment":[{"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/media?parent=13461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/categories?post=13461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elyan.com\/fr\/wp-json\/wp\/v2\/tags?post=13461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}