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M&A Deal Summary

CVC Capital Partners and Arkea Capital Acquire April

On December 29, 2018, private equity firms CVC Capital Partners and Arkea Capital acquired insurance company April from Evolem

Acquisition Highlights
  • This is CVC Capital Partners’ 6th and Arkea Capital’s 2nd transaction in the Insurance sector.
  • This is CVC Capital Partners’ 13th and Arkea Capital’s 51st transaction in France.
Investment Fate
  • April was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2018-12-29
Target April
Sector Insurance
Buyer(s) CVC Capital Partners
Arkea Capital
Sellers(s) Evolem
Deal Type Secondary Buyout

Target

April

Lyon, France
April is a wholesale broker for consumer and SME insurance with a mid-sized consumer credit broker and several international subsidiaries. April was formed in 1998 and is based in Lyon, France.

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Buyer(S) 2

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 236 of 329
Sector: Insurance M&A 6 of 8
Type: Secondary Buyout M&A Deals 52 of 78
Country: France M&A 13 of 17
Year: 2018 M&A 19 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Moove

Sao Paulo, Brazil

Moove is a Latin American manufacturer and distributor of specialty lubricants. Moove is the sole manufacturer of Mobil-branded specialty lubricants in Brazil and has the exclusive rights to commercialize products in Brazil, Argentina, Uruguay, Paraguay and Bolivia. Within Latin America, Moove sells via a network of exclusive distributors and directly to large industrial groups and OEMs. Moove is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 ParexGroup SA

Issy-les-Moulineaux Cedex, France

ParexGroup SA is a provider of specialty dry-mix solutions for the construction industry. The company offers a broad range of products under recognized brands through three core business lines: façade decoration and protection, ceramic tiles setting materials and waterproofing systems. Parex products range is exposed to various end-markets within the construction industry, notably renovation and residential new build.

Sell -
Buyer

Arkea Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arkéa Capital is the private equity investment arm of diversified financial services company Crédit Mutuel Arkéa. Arkéa Capital looks to make long-term investments in established, market leading companies. The Group does not have any sector preferences. Arkéa Capital does not have any sector preferences and is headquartered in Brest.

DEAL STATS #
Overall 51 of 111
Sector: Insurance M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 12
Country: France M&A 51 of 108
Year: 2018 M&A 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Mathevon

Saint-Etienne, France

Mathevon is a manufacturer of superalloy (particularly Inconel) and stainless steel safety parts exposed to harsh environments. Mathevon was founded in 1970 and is based in Saint-Etienne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 UpFactor

Paris, France

UpFactor is an Independent consulting structure, specialized in the elevation of buildings and real estate optimization. UpFactor supports condominiums, social landlords and institutions in the development of new square meters in dense urban areas, without artificializing the ground. UpFactor was founded in 2002 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Evolem

Investor Investor Investor Investor Investor

Category Family Office
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Evolem is a family-backed investment platform focused on lower middle-market company acquisitions, start-up investing, real estate development, and philanthropy projects. Within its small business investment platform, Evolem looks to acquire majority or minority positions in growth-oriented companies with €10 to €100 million of revenue. Evolem was formed in 1997 and is based in Lyon, France.

DEAL STATS #
Overall 1 of 3
Sector: Insurance M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 3
Country: France M&A 1 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Multiplast

France

Multiplast engages in production and distribution of work site safety films as well as industrial protective equipment for the painting industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Lauralu

Saverdun, France

Lauralu designs, manufactures and install temporary or durable metal-textile structures, 100% made in France. Lauralu offer solutions adapted to your objectives of profitability, flexibility, safety and responsiveness. Lauralu was founded in 1998 and is based in Saverdun, France.

Buy -
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