Eurazeo invests in Fintrax Group, Exponent Private Equity exits
November 24, 2015
Eurazeo has agreed to acquire a majority stake in Fintrax from Exponent Private Equity. The transaction, expected to close before the end of the year, is valued at up to €585 million, including €35 million payable based on the company’s 2016 performance. Fintrax provides tax-free shopping and dynamic currency conversion services. Exponent reported the transaction will result in an up to 4x money multiple from its investment in the company.