Sycomore Asset Management is a specialized asset manager focusing on listed companies and seeks to identify their long-term growth drivers. The firm aims to develop a more sustainable and inclusive economy while generating positive impacts for its stakeholders.

Sycomore Asset Management

ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets worldwide. It develops liquidity, statistical, risk, and derivatives arbitrage strategies; and provides asset and portfolio management services. The company was incorporated in 1995 and is based in Paris, France.

ABC arbitrage SA

Antin Infrastructure Partners S.A.S. is a private equity firm specializing in infrastructure investments. The firm does not invest in projects which involve technological or commercial risk associated with developing a clientele in a competitive market or invest alongside partners which could represent counterparty risk. It seeks to invest in main infrastructure sectors including transport, energy, environment, and telecommunication. The firm focuses on toll roads, tunnels, highways, tramways, bridges; airports; ports; urban rail, bus lines; car parks in transport; Motorway Service Areas (MSAs); gas storage; LNG terminals; transmission (pipelines, high-voltage electricity transmission); distribution; buildings and public works, generation (non-merchant); water infrastructure (pipelines & sewage units); waste management in energy and environment; and GSM towers; ADSL networks; broadcast networks; cable networks; and satellites in Telecommunication. It typically to invests in non-listed companies based in continental Europe including United Kingdom. It seeks to invest between 200 million ($231.86 million) to 700 million ($811.50 million). The firm may take minority or majority stake allowing representation to the board of directors. It essentially invests in equity and may invest alone or co-invest through a consortium. Antin Infrastructure Partners S.A.S. was founded in 2007 and is based in Paris, France with additional offices in London, United Kingdom, Luxembourg, Luxembourg, Singapore, Singapore and New York, New York.

Antin Infrastructure Partners S.A.

Eurazeo SE is a private equity and venture capital firm specializing in growth capital, acquisitions, leveraged buyouts, and buyins of a private company, and investments in mid-market and listed public companies. . The company invest in equity in the small-mid and Mid-large buyout segments. The firm seeks to invest in medium-sized or large companies, SMEs, high growth companies, and real estate management and investment activities. It does not have any restrictions regarding the sectors in which it invests but prefers to invest in smart cities, services, leisure and mobility, real estate, fintech, investment activities, distribution, industry, luxury, consumer goods, business services, consumer and retail brands, and health sectors. The firm seeks to invest in consumer brands with a focus on beauty, personal care, household care, juvenile products, apparel, wellness, accessories, home, jewelry, leisure, health, fitness, beverage, and food companies based in United States and Europe. It typically invests in companies with a differentiated concept and global growth potential. The firm identifies companies upstream, carefully selecting them primarily from sectors driven by digital transformation and focusing on changes in lifestyle and consumption (mobility, online buying, collaboration models, etc.). The firm invests in large properties in need of restructuring; residential, commercial, and office development projects; and companies with real estate assets in Western Europe. It primarily invests in United States, France, Italy, North America and other European countries. The firm typically invests between $10 million and 800 million ($892.55 million) in companies with enterprise values of more than 150/200 million ($163.74 million/$218.30 million) and 5000 million ($7108.9 million). It limits each investment to less than 10 percent to 15 percent of its net asset value. The firm can also invest where its equity or quasi-equity stake is between 175 million ($195.25 million) and 800 million ($892.55 million). The firm prefers to make investments with transactions above $100 million as co-investments. It prefers to acquire majority stakes in its portfolio companies along with minority stakes. The firm may invest in public companies either taking the public company to private, and then doing a leveraged buyout or in the form of private investment in public equity (PIPE). The firm invests for a period of five to seven years. It exits its investment by sale to a manufacturer, sale to a financial investor, or through an IPO. Eurazeo SE was founded in 1969 and is based in Paris, France with additional offices in North America, Asia, Europe and South America.

Metric
Company Name	Sycomore Asset Management	ABC arbitrage SA	Antin Infrastructure Partners S.A.	Eurazeo SE
Symbol		ABCA	ANTIN	RF
MSH ID	COM:SYCOMORE-AM	COM:ABC-ARBITRAGE	COM:ANTIN-IP	COM:EURAZEO
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Financial Services & Finance	Financial Services	Financial Services	Financial Services
Industry	Asset Management	Asset Management	Asset Management	Asset Management
Country	FR	FR	FR	FR
Stage
Employee Count		103	227	19.25K
Website	sycomore-am.com	abc-arbitrage.com	antin-ip.com	eurazeo.com/en
LinkedIn				eurazeo
Founders

Metric
Market Cap	253.47M	2.32B	5.88B
Enterprise Value
Monthly Web Traffic			36.90K
Web Traffic Growth			-0.32
Valuation
Raised Capital

Metric
Revenue	42.05M	298.77M	424.60M
Revenue (LTM)
Revenue (NTM)
Gross Profit	42.05M	265.26M	-72.88M
EBITDA	19.42M	120.87M	1.96B
Operating Income	17.40M	103.85M	31.69M
Net Income	17.41M	78.97M	1.93B
EPS	0.30	0.45	26.17
Diluted EPS	0.30	0.44	26.17
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.96	0.86	-0.15
Operating Profit Margin	0.54	0.55	-0.13
EBITDA Margin	0.46	0.40	4.62
Net Profit Margin	2.98	0.91	4.48
Return on Equity	0.75	0.79	0.25
Return on Assets	0.69	0.63	0.19
Return on Capital Employed	0.13	0.32	-0.01

COM:SYCOMORE-AM

Sycomore Asset Management

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	18.43	-177.26	9.17
P/B Ratio	1.49	6.29	0.84
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	6.89	7.85	15.88
EV Multiple	15.91	23.86	-41.88

Metric
Days Sales Outstanding	108.51		88.34
Days Payables Outstanding	82.65	170.83	75.36
Days Inventory Outstanding		26.83	0.00
Operating Cycle	80.48	69.19	320.27
Cash Conversion Cycle	80.48	-4.58	260.09
Asset Turnover	0.27	0.76	0.04

Metric
Operating Cash Flow	21.10M	144.13M	-61.27M
Free Cash Flow	21.10M	138.62M	-74.55M
Cash Flow to Debt	11.12	16.21	0.24
Operating Cash Flow/Sales	0.51	0.50	0.36
Free Cash Flow Yield	0.04	0.03	-0.03

Metric
Cash & Equivalents	9.74M	447.78M	124.04M
Accounts Receivable			-47.10M
Inventory
Goodwill			293.83M
Debt to Capitalization	0.04	0.10	0.14
Debt to Assets	0.03	0.10	0.29
Current Ratio	43.99	7.42	1.05
Quick Ratio	23.86	8.55	0.48

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00	0.43	0.00
R&D to Revenue
SG&A to Revenue	0.25	0.05