M&A Deal Summary

Bridgepoint Acquires Kereis

On May 27, 2020, private equity firm Bridgepoint acquired insurance company Kereis from J.C. Flowers

Acquisition Highlights
  • This is Bridgepoint’s 2nd transaction in the Insurance sector.
  • This is Bridgepoint’s 35th transaction in France.

M&A Deal Summary

Date 2020-05-27
Target Kereis
Sector Insurance
Buyer(s) Bridgepoint
Sellers(s) J.C. Flowers
Deal Type Secondary Buyout

Target

Kereis

Paris, France
Kereis is a pioneer in protection insurance brokerage both in France and Europe, and specializes in credit protection. The company has invested significantly over the past years to diversify its distribution channels and develop its digital offering. Kereis was formed in 1991 and is based in Paris, France.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 141 of 176
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 56 of 70
Country (France) 35 of 42
Year (2020) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Cyrus Conseil

Paris, France

Cyrus Conseil is a provider of wealth management advisory and asset management services to entrepreneurs. The company provides its clients with the freedom to advise and choose investments. Cyrus Conseil was formed in 1989 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-10 Fat Face

Havant, United Kingdom

Fat Face retails premium men's, women's and children's clothing and accessories, created by its own in-house design team. Fat Face was founded in 1988 and is based in Havant, United Kingdom.

Sell -

Seller(S) 1

SELLER

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


DEAL STATS #
Overall 14 of 17
Sector (Insurance) 4 of 6
Type (Secondary Buyout) 5 of 5
Country (France) 1 of 1
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Fairstone Financial

Montreal, Ontario, Canada

Fairstone Financial, Inc. is a non-bank provider of responsible lending solutions for near-prime borrowers with over C$3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has close to a 100-year history of providing Canadians with access to responsible credit.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Ariel Re

Hamilton, Bermuda

Ariel Re is a reinsurance company based in Bermuda that underwrites a global portfolio of insurance and reinsurance business through offices in London, Bermuda, Atlanta and Kansas City. Ariel Re was founded in 2005 and is based in Hamilton, Bermuda.

Buy -