Albingia Acquired by Fiblac Consortium Led by Chamoin Family
Deal News | May 14, 2025 | Eurazeo
Eurazeo has successfully completed the sale of Albingia, a prominent player in the French commercial insurance lines market, to a consortium led by Fiblac, the financial arm of the Chamoin family. This consortium also includes the management team of Albingia, Krefeld, the family office associated with the Hermès families, and Canadian entity Fairfax Financial Holdings, which specializes in insurance and re-insurance. This transaction is part of Eurazeo's Mid-large buyout strategy, focusing on nurturing leading mid-market firms in sectors characterized by solid fundamentals and high growth such as Tech-Enabled Business Services, Financial Services, and Healthcare & Life Sciences. The deal has achieved a gross cash-on-cash return of 2.2x for Eurazeo, translating to proceeds of approximately €325 million to its balance sheet.
Sectors
- Insurance
- Financial Services
Geography
- France – France is relevant as Albingia operates in the French commercial insurance market.
- Canada – Fairfax Financial Holdings is a Canadian company involved in the consortium acquiring Albingia.
Industry
- Insurance – Albingia is an independent entity in the French commercial insurance market, making the insurance industry relevant to the transaction.
- Financial Services – The involvement of Eurazeo and the consortium's financial entities positions this transaction within the broader financial services sector.
Financials
- 2.2x – The gross cash-on-cash return on Eurazeo's initial investment.
- €325 million – Proceeds allocated to Eurazeo's balance sheet from the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Albingia | Target Company | Company | A leading independent player in the French commercial insurance lines market. |
| Eurazeo | Selling Company | Company | A private equity firm engaged in mid-large buyout strategies. |
| La Financière de Blacailloux (Fiblac) | Bidding Company | Company | The financial holding of the Chamoin family leading the consortium. |
| Krefeld | Consortium Member | Company | Family office of the Hermès families involved in the acquisition. |
| Fairfax Financial Holdings | Consortium Member | Company | A Canadian company specializing in insurance and re-insurance. |