Clearwater advises Anacap on the acquisition of Assurone from Seventure Partners and BPI

Transaction

Anacap acquired Assurone from Seventure Partners and BPI

Buy-side

Undisclosed

Role

Adviser to Anacap on its acquisition of Assurone

Sector

Financial Services

Region

France & Belgium

We have advised Anacap Financial Partners on its acquisition of Assurone.

Assurone is a French digital insurance broker specialising in the online distribution and management of personal insurance products (motor, home, etc.). Initially focusing on the direct sale of insurance products, it successively developed an indirect (wholesale) activity through a network of offline brokers and a white-labelling activity with large corporates. The company has relationships with at least 20 major insurers. Assurone targets €25m in sales in 2014.

Anacap Financial Partners acquired a majority stake in Assurone, alongside the management team as minority shareholder.

With the benefit of Anacap’s intensive, operationally focused investment approach and the industry’s attractive underlying market trends, we believe there is an excellent opportunity for Assurone. Working alongside a very strong management team, we will focus on the acceleration of the business plan, specifically through digitalisation, but also through a disciplined focus on new markets and products
NASSIM CHERCHALI, DIRECTOR, ANACAP FINANCIAL PARTNERS

Advisers

Michael Schor

Partner +33 6 65 37 20 21 michael.schor@clearwatercf.com Connect

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