AlphaValue Corporate Services
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IDI

CR
Bloomberg   IDIP FP
Holding Companies  /  France  Web Site   |   Investors Relation
Private equity players buffeted by macro-economic headwinds
Pros
  • IDI strikes as a private equity firm more aligned to the interests of its stakeholders as its management has skin in the game at the holding and equity stakes level.
  • IDI is not subject to investment time constraints like most PE funds, this flexible approach allows IDI to accompany the investee companies through the whole development process, enhancing value creation.
  • IDI’s investment model based on engaged and entrepreneurial ownership has proven successful, ensuring stable dividend payments, an attractive yield and a 15% average annual total shareholder return since 1991.
Cons
  • As a partnership limited by shares, minority shareholders could suffer from this legal set-up since the value of voting rights is essentially nil.
  • Given its small size in absolute terms, IDI may fall below most investors' radars.
  • Notwithstanding IDI’s proven track record, the current environment is not favorable for private equity players, and valuations could suffer from the rise in interest rates and shrinking multiples.
Target
Upside 37.3%
Price (€) 75
Market Cap (€M) 543
Perf. 1W: 0.00%
Perf. 1M: 8.70%
Perf. 3M: 12.3%
Perf Ytd: 11.3%
10 day relative perf. to stoxx600: 2.08%
20 day relative perf. to stoxx600: 9.11%