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EMZ participates in the ownership increase of Azae’s founders in the share capital of their company

EMZ participates in the ownership increase of Azae’s founders in the share capital of their company

Founded in 2005 and listed on Alternext since 2010, Azae has experienced a strong development of its activity and has become, in 10 years, one of the leading players in elderly home care and housework services (mainly cleaning & ironing). With a network of more than 100 branches mainly in France but also in Belgium and in Germany, the group intends to pursue its development through organic growth by opening new branches as well as through targeted acquisitions.

In January 2017, the bond financing brought by EMZ has partly funded the buy-out of minority stakes as well as the public offering launched by Azae’s founders on the remaining shares.

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