M&A Deal Summary

TA Associates, Ardian and RAISE France Acquire Odealim

On July 16, 2018, private equity firm TA Associates, private equity firm Ardian and growth capital firm RAISE France acquired insurance company Odealim from Eurazeo PME

Acquisition Highlights
  • This is TA Associates’ 6th, Ardian’s 6th and RAISE France’s 1st transaction in the Insurance sector.
  • This is TA Associates’ 8th, Ardian’s 150th and RAISE France’s 10th transaction in France.

M&A Deal Summary
Date 2018-07-16
Target Odealim
Sector Insurance
Buyer(s) TA Associates
Ardian
RAISE France
Sellers(s) Eurazeo PME
Deal Type Secondary Buyout

Target

Odealim

Paris, France
Odealim is an insurance broker for the property management sector. The company acts as an intermediary between insurers and joint-property companies, real estate companies and property owners. Odealim designs, produces, prices and manages insurance policies, which are underwritten by blue-chip insurance partners. Odealim was founded in 1927 and is based in Paris, France.

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Buyer(S) 3

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 281 of 364
Sector (Insurance) 6 of 11
Type (Secondary Buyout) 39 of 69
Country (France) 8 of 11
Year (2018) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Prudent Corporate Advisory Services

Ahmedabad, India

Prudent Corporate Advisory Services is a distributor of mutual fund and other wealth products. Prudent provides personal and corporate investment planning services through the distribution of mutual funds, bonds, broking and insurance products. Prudent was founded in 2001 and is based in Ahmedabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-28 10bis. Il

Tel Aviv, Israel

10bis.Co.Il Ltd. is an online and mobile food ordering from restaurants in Israel. 10bis's cutting-edge technology allows customers to easily eat at or order from more than 3,500 restaurants. 10bis.Co.Il Ltd. was founded in 2000 and is based in Tel Aviv, Israel.

Sell €135M
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 319 of 418
Sector (Insurance) 6 of 11
Type (Secondary Buyout) 102 of 137
Country (France) 150 of 185
Year (2018) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 DIAM

Les Mureaux, France

DIAM is a provider of point of sale merchandising solutions for major luxury, cosmetic and retail brands. It provides POS and interior design services to brands and retailers, specializing in perfumes, cosmetics, para-pharmaceuticals, wines and spirits, jewellery and consumer goods, as well as point of sale installation, logistics, and support services. DIAM was founded in 1973 and is based in Les Mureaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Saur

Issy-les-Moulineaux, France

Saur is a drinking and wastewater management company focused on small/mid-sized cities across France. The company is also active internationally, particularly in Iberia, Saudi Arabia, and Poland. Saur was founded in 1933 and is based in Issy-les-Moulineaux, France.

Sell -
Buyer

RAISE France

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2013
PE ASSETS 510M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RAISE France is a private investment firm focused on investing in growth-oriented French companies with €30 to €500 million of revenue. Raise looks for situations where its capital and expertise can increase opportunities for expansion as well as further internal development. RAISE France was formed in 2013 and is based in Paris.

DEAL STATS #
Overall 10 of 22
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 4 of 6
Country (France) 10 of 22
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Socomore

Vannes, France

Socomore is a manufacturer of adhesives, coatings and nondestructive testing products for the industrial sector. Socomore was founded in 1972 and is based in Vannes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Artemis courtage

Paris, France

Artemis courtage is a provider of real estate loan brokerage, loan insurance, and loan consolidation services. Artemis courtage was founded in 2009 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Eurazeo PME

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 18 of 29
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 11 of 16
Country (France) 15 of 21
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Pat McGrath Labs

Santa Clara, California, United States

Pat McGrath Labs is an incomparable beauty line, having inspired and created celebrated makeup looks of 21st century. Pat McGrath Labs was founded in 2015 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Shark

Marseille, France

Shark is a motorcycle helmet manufacturing company that manufactures over 300,000 helmets per year and creates new concept helmets every year. Shark helmets are distributed in 70 countries through over 5,000 distributors worldwide. Shark is based in Marseille, France.

Buy -
Mergr

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