M&A Deal Summary

Cobepa Acquires Ascentiel Groupe

On November 6, 2024, private equity firm Cobepa acquired insurance company Ascentiel Groupe from IK Partners

Acquisition Highlights
  • This is Cobepa’s 1st transaction in the Insurance sector.
  • This is Cobepa’s 12th transaction in France.

M&A Deal Summary

Date 2024-11-06
Target Ascentiel Groupe
Sector Insurance
Buyer(s) Cobepa
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

Ascentiel Groupe

Rueil-Malmaison, France
Ascentiel Groupe is an online insurance brokerage platform specializing in P&C products in France for individuals and small corporates, which are distributed under its own brands or under white label. Ascentiel offers a comprehensive suite of insurance solutions, ranging from auto, animal health and home coverage for individuals to specialised products for commercial clients, including decennial liability coverage for construction professionals and insurance for commercial vehicle fleets. Ascentiel Groupe was founded in 1970 and is based in Rueil-Malmaison, France.

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Buyer(S) 1

Buyer

Cobepa

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1957
PE ASSETS 4.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cobepa is a global investment group focused on growth capital investments (acquiring significant minority stakes) and leveraged buyout transactions. Cobepa invests in established companies with business models, sustainable market positions, and strong management teams. Sectors of interest include transportation, industrial, retail, financial services, and business services. The Firm generally pursues opportunities throughout Europe and North America, however Cobepa also targets opportunities in Asia and South America. Cobepa was originally established in 1957 and is headquartered in Brussels, Belgium


DEAL STATS #
Overall 40 of 40
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 17 of 17
Country (France) 12 of 12
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Easyfairs

Brussels, Belgium

Easyfairs organizes and hosts live events, bringing communities together to visit the future. Easyfairs was fouded in 2004 and is based in Brussels, Belgium.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 119 of 121
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 50 of 51
Country (France) 27 of 27
Year (2024) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Pinard Beauty Pack

Martignat, France

Pinard Group specializes in the design and manufacture of packaging solutions for prestige and luxury brands in the BPC space through the Pinard Beauty Pack (PBP) subsidiary and for pharmaceutical customers through its Lablabo subsidiary. The Group addresses prestige and masstige brands while serving a long-standing clientele. Distribution is primarily focused in France (60%) where most trades are, followed by the Rest of Europe (30%) and the US (10%). Pinard Beauty Pack was founded in 1970 and is based in Martignat, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 Acture Groep

Nijmegen, Netherlands

Acture Groep is a unique collective of innovative businesses providing specialized outsourced services to Dutch corporates and temporary staffing agencies to manage cases of illness or disability in their workforces. Acture Groep was founded in 2008 and is based in Nijmegen, Netherlands.

Sell -