Eurazeo completes sale of its Orolia Group stake to Safran

The completion of the deal sees Eurazeo achieve a cash-on-cash multiple of 3.7 times.

  • The sale generated cash proceeds of $192 million for Eurazeo
  • It represents an internal rate of return of around 25%
  • Orolia Group has completed five acquisitions since 2016

Eurazeo has completed the sale of its stake in Orolia Group to Safran Group. The sale generated a cash-on-cash multiple of 3.7 times with cash proceeds of $192 million for Eurazeo, an internal rate of return of around 25%.

Orolia Group, a French company headquartered in Les Ulis, Essonne, specializes in resilient positioning, navigation and timing (R-PNT) solutions and applications. The sale has been driven by Safran’s stated ambition to be a market leader in R-PNT. Safran is an international high-technology group operating in the aviation, defense and space markets. Since Eurazeo’s investment in 2016, Orolia has made five acquisitions and as a result has doubled its organic growth rate and profit margins.

“We wish to thank [Orolia founder)] Jean-Yves Courtois, his management team and all of Orolia’s employees for the wonderful partnership we have enjoyed over these last six years,” said Erwann Le Ligné, managing director, small-mid buyout at Eurazeo. “Spurred by Eurazeo and thanks to the active involvement of Jean-Yves and his teams, Orolia has expanded its footprint and become more structured, in particular through strategic acquisitions. We are very proud to have lent our support to the company for its development in Europe and North.”