Eurazeo : Elis Takes the Top Spot in Brazil Following the Acquisition of Atmosfera, the Brazilian Leader in Linen Rental and Laundry Services

Regulatory News:

Eurazeo (Paris:RF):

Elis, the European leader in linen rental and laundry services, sanitary equipment and drinks dispensers, set up a work clothing business in Brazil in early 2013, whose promising start confirmed the appeal of a market that the company had been monitoring for several years. Today, Elis has acquired Atmosfera, Brazil’s leading industrial laundry group, from the private equity firms Advent International and Alothon Group.

With its 8 industrial sites located in the regions of Sao Paulo, Rio de Janeiro, Belo Horizonte and Salvador de Bahia as well as in the state of Santa Catarina, Atmosfera processes 95,000 tons of laundry every year and delivers to 2,800 clients from the healthcare, industrial and hotel sectors. The company has 3,500 employees and should generate revenue of around BRL 280 million (i.e. nearly €90 million) in 2013.

This acquisition has greatly accelerated Elis’ international development: under Eurazeo’s ownership, 20 external growth transactions have been completed outside France, representing a total annual revenue, including Atmosfera, of €217 million.

International business now represents more than 25% of the company’s revenue on a full-year basis, compared to 13% in 2007 when Elis was acquired by Eurazeo.

This transaction will be funded by a combination of debt and equity financing, with Eurazeo contributing around €45 million in equity. It will be completed in the 1^st quarter of 2014.

Xavier Martiré, CEO of Elis, stated: "Atmosfera is a terrific company, with a unique Brazilian coverage and unparalleled industrial facilities in Latin America. This acquisition marks a turning point in the history of Elis’ international development with a strong foothold in an emerging country that we had been targeting for a long time. Brazil has now become Elis’ second largest market.”

Marc Frappier, Managing Director of Eurazeo, added: "We are very pleased to enable Elis to penetrate such a promising market as Brazil by acquiring the local leader, which will benefit from all its industrial and commercial expertise. This transaction perfectly illustrates our ambitious support strategy for our investments. Elis will thus accelerate its internationalization and boost its medium-term growth profile.”

Paulo Andrade, CEO of Atmosfera, also stated: "Our management team is delighted with this transaction, which will enable Atmosfera to join forces with the sector’s European leader and benefit from its experience and know-how. By obtaining human and financial support from Elis, we will strengthen Atmosfera’s position in Brazil and pursue its development.”

Euro Latina Finance, ITAU BBA and Messier Maris advised Elis and Eurazeo regarding this transaction.

• About Elis

Elis is a service company that leads Continental Europe in the rental and cleaning of work clothing and laundry. It also offers water dispenser, coffee machine and sanitary equipment rental. With 18,000 employees in 10 European countries and Brazil, Elis generated revenue of €1.185 billion in 2012. With more than one hundred years of expertise in the hotel, catering and healthcare markets, Elis now delivers to over 290,000 companies of all sizes and from all sectors through a network of 151 service and production centers, thus ensuring an unmatched proximity with its clients.

For further information, visit our website: http://www.Elis.com/fr/

• About Eurazeo

With a diversified portfolio of over 4 billion euros in assets, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. Eurazeo is present in several private equity segments through its four business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME and Eurazeo Patrimoine. Its solid institutional and family shareholder base, its lack of debt and its flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is either a majority or key shareholder in Accor, ANF Immobilier, APCOA, Elis, Europcar, Foncia, Moncler, Rexel, Fonroche Energie, 3SP Group, IES, Idéal Résidences, Péters Surgical, Cap Vert Finance, Léon de Bruxelles and Dessange International. Eurazeo is listed on the NYSE Euronext Paris. ISIN : FR0000121121 - Bloomberg : RF FP - Reuters : EURA.PA

For more information, please visit the Group’s website: www.eurazeo.com

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