Brief: Eurazeo Enters Exclusive Discussions With Carl Zeiss Meditec To Sell Stake In Dorc

Eurazeo SE

18/12/2023 06:35

Dec 18 (Reuters) - Eurazeo SE  EURA.PA :
    * EURAZEO : EURAZEO ENTERS INTO EXCLUSIVE DISCUSSIONS WITH
CARL
ZEISS MEDITEC AG TO SELL ITS STAKE IN DORC
    * EURAZEO - EURAZEO AND ITS AFFILIATES HAVE ENTERED INTO
EXCLUSIVE
DISCUSSIONS TO SELL DORC TO CARL ZEISS MEDITEC AG FOR AN
ENTERPRISE VALUE OF APPROXIMATELY €1BN
    * EURAZEO - UNDER THE TERMS OF THIS AGREEMENT, THE
TRANSACTION IS
EXPECTED TO YIELD OVER 2.6X GROSS CASH ON CASH AND 24% GROSS
INTERNAL RATE OF RETURN (IRR) ON ITS ORIGINAL INVESTMENT,
INCLUDING PROCEEDS OF THE REFINANCING CLOSED IN DECEMBER 2021
    * EURAZEO -  UPON CLOSING OF THE TRANSACTION, C.€385M OF
GROSS
PROCEED WOULD BE RETURNED TO EURAZEO BALANCE SHEET

Source text for Eikon:  ID:nNDL6Ppd0W 
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