M&A Deal Summary

Rivean Capital Acquires CED

On January 10, 2023, private equity firm Rivean Capital acquired insurance company CED from BlackFin Capital Partners

Acquisition Highlights
  • This is Rivean Capital’s 1st transaction in the Insurance sector.
  • This is Rivean Capital’s 38th transaction in the Netherlands.

M&A Deal Summary

Date 2023-01-10
Target CED
Sector Insurance
Buyer(s) Rivean Capital
Sellers(s) BlackFin Capital Partners
Deal Type Secondary Buyout

Target

CED

Capelle aan den IJssel, Netherlands
CED is a full-service European claims management provider that delivers on the promise to clients in the insurance sector, real estate enterprises, housing corporations, lease companies, health care providers, large corporations, and governments. CED was founded in 1971 and is based in Capelle aan den IJssel, Netherlands.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 70 of 77
Sector: Insurance M&A 1 of 1
Type: Secondary Buyout M&A Deals 20 of 25
Country: Netherlands M&A 38 of 42
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Muon

Eerbeek, Netherlands

Muon is a provider of mission-critical micro precision solutions with its comprehensive portfolio of miniaturization technologies, Muon is uniquely positioned to supply mission-critical micro precision components to end-user applications in medical, semiconductor, digital printing, and filtration. Muon is based in Eerbeek, Netherlands.

Sell €700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-26 Green Mobility

Munich, Germany

Green Mobility is a technology-based e-bike leasing groups. Green Mobility is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

BlackFin Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

BlackFin Capital Partners is a private equity firm focusing on financial services across continental Europe. The firm strategy focuses primarily on asset-light businesses in the financial services sector. BlackFin looks to invests €10 - €30 million in companies. BlackFin Capital Partners was formed in 2009 and is based in Paris, France additional office in Germany and France, Belgium.


DEAL STATS #
Overall 11 of 12
Sector: Insurance M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 6
Country: Netherlands M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Concentra Grupo

Rivas-Vaciamadrid, South Carolina, Spain

Concentra Grupo is an independent group made up of the integration of various companies specialised in the insurance sector: brokerages, underwriting agencies, and extension of guarantees. Concentra Grupo was formed in 1997 and is headquartered in Rivas-Vaciamadrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 SPB Group

Le Havre, France

SPB Group is an insurance broker with a footprint in more than 10 countries. The Group operates primarily via B2B2C channels but uses its own brands – C2A in France and Insurance to Go in the UK – for direct sales. The Company focuses on credit card insurance, travel insurance in addition to mobile phone insurance & consumer electronics insurance. SPB covers the entire brokerage and processing value chains, including: premium collection, contract administration, claims management, and distribution services. The Company may act either as a broker, a co-broker or a TPA (Third Party Administrator), depending on the client. SPB Group was formed in 1965 and is headquartered in Le Havre, France.

Buy -