French-based Ardian has taken the acquisition of a majority stake in Finaxy’s capital, a renowned multi-specialist insurance group from Equistone Partners Europe with the deal valuing Finaxy Group at around €160m.
Being one of the top 75 insurance brokers in the world, Finaxy Group has 27 acquisitions in France and focuses on organic growth along with build-ups. With Ardian’s support, Finaxy aims at expediting its “buy-and-build” strategy and boost its leading multi-specialist positioning. Ardian acquires a majority stake at 54% in the broker from Equistone Partners- in the round of Finaxy since 2014.
Founder and CEO of Finaxy, Erick Berville extended his thanks to Equistone to have helped Finaxy’s with shared goals while respecting the company’s human and entrepreneurial values, and smartly positioning the group for a strong development. Finaxy has chosen to continue the journey with Ardian as they both share the same DNA which will enable them to pursue and accelerate their organic and external growth momentum, he added. Alexis Lavaillote, Ardian Expansion team managing directo,r said that they were convinced by Finaxy’s multi-specialist positioning with its ability to grow organically across its three businesses.
