Eurazeo, the French quoted investment company, has made its first significant investment since being created in April 2001 through the merger of Azeo and Eurafrance.

Together with Pragma-Capital, a recently formed private equity fund, and UI, a subsidiary of Crédit Agricole, Eurazeo is in the process of finalising the 100% acquisition of Fraikin, a long-term truck rental group based in France.