SPVIE Assurances acquires the brokerage firm Assurances de l’Adour
Paris, March 30, 2020
Following the purchase of a stake by Essling Expansion, Essling Capital’s Small & Lower-Mid Cap fund, finalised on Friday, March 20, SPVIE Assurances announces its first acquisition with the independent broker Assurances de l’Adour.
This transaction comes after exclusive negotiations initiated at the beginning of the year which enabled the group to benefit from a funding envelope of more than €70 million with the implementation of facilities structured by Tikehau Capital.
With the acquisition of Assurances de l’Adour, SPVIE Assurances onboards a pioneer and specialist in “distance selling” in Individual Health for 15 years. This alliance will enable the group to win new market shares in a competitive sector and to spread its know-how over SPVIE Assurances’ 1,500 affiliated brokers.
SPVIE Assurances’ diversification strategy will lead them to continue working with Assurances de l’Adour’s main historical partners by accelerating distribution via its digital solutions.
The directors of SPVIE Assurances and Assurances de l’Adour are delighted with this union, sharing a common vision, that of continuing to better understand the methods and regulations of distance selling with a view to distributing offers to consumers that are increasingly tailored to their needs.
Over the coming months, SPVIE Assurances will continue to rely on its digital positioning and its capacity for rapid integration in order to pursue its development and external growth policy.
About Essling Expansion – Essling Expansion is a Small & Lower-Mid Cap fund dedicated to high-growth companies in the digital, healthcare and business services sectors. It is managed by Essling Capital, an independent investment firm specializing in alternative assets. The company manages and advises more than €1.3 billion in France, in Europe and abroad. Essling Capital is certified by the AMF.
