M&A Deal Summary

Assurant Solutions Acquires CWI Group SAS

On October 27, 2014, Assurant Solutions acquired insurance company CWI Group SAS from Pechel for 71M USD

Acquisition Highlights
  • This is Assurant Solutions’ 1st transaction in the Insurance sector.
  • This is Assurant Solutions’ largest (disclosed) transaction.
  • This is Assurant Solutions’ 1st transaction in France.

M&A Deal Summary
Date 2014-10-27
Target CWI Group SAS
Sector Insurance
Buyer(s) Assurant Solutions
Sellers(s) Pechel
Deal Type Add-on Acquisition
Deal Value 71M USD

Target

CWI Group SAS

Aix-en-Provence, France
website
CWI Group SAS is an insurance brokerage firm specializing in the creation, distribution, and management of affinity insurance in France, second market player of affinity insurance in France. CWI Group was established in 2001 and is based in Aix-en-Provence, France.

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Buyer(S) 1

Buyer

Assurant Solutions

Atlanta, Georgia, United States

website

Category Company
Sector Financial Services
DESCRIPTION

Assurant Solutions companies develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, automobile dealers, utilities and other entities. With operations in 16 locations, including executive offices in Atlanta, Ga., Assurant Solutions serves clients and their customers throughout North America, the Caribbean and selected countries in South America and Europe.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (France) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 Recreational Finance

Nixa, Montana, United States

Recreational Finance, LLC (recfin) is a leading finance and insurance (F&I) technology, product and service provider located in Nixa, Mo. Products and services include the recfin.net dealership F&I operating system, ValueGuard product offerings, recfin F&I training services and recfin.com full service F&I operating system.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-16 Coast To Coast Dealer Services

Hamilton, Ontario, Canada

Coast To Coast Dealer Services, Inc. is a provider of automotive aftermarket specialty products and extended service contracts. It provides a full range of products including mechanical breakdown protection plans, creditor insurance, keys, remotes, tires, rims, TheftGUARDIAN (Glass/Body Etching) and RV coach coverage for motor homes.

Buy -

Seller(S) 1

SELLER

Pechel

Paris, France

Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 550M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pechel is a private equity firm focused on investing in medium-sized, privately owned businesses. Pechel looks for opportunities in a variety of industrial and service-based industries valued between €30 and €200 million. Target transaction situations include growth capital financings, buyouts, and divestitures. The Firm prefers businesses operating in France and Western Europe. Pechel was founded in 2004 and is based in Paris.

DEAL STATS #
Overall 6 of 16
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (France) 6 of 15
Year (2014) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Goëmar S.A.

Saint Malo, France

Bio-stimulants and natural defences stimulators for agriculture

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Sportscape Group

Vendargues, France

Sportscape Group is an online retailer of sports goods and apparel. Sportscape Group was founded in 2011 and is based in Vendargues, France.

Buy -
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