Ascentiel discusses acquisition with Cobepa
Deal News | Nov 06, 2024 | IK Investment Partners (IK Partners)
Cobepa has entered into exclusive discussions to acquire a majority stake in Ascentiel Groupe from IK Partners and ISAI Gestion. The acquisition, subject to consultation with the works council and expected to close by the end of 2024, will be conducted in partnership with Ascentiel's management team. Ascentiel, a digital insurance brokerage platform specializing in Property & Casualty cover for individuals and small businesses, has grown under the ownership of IK Partners and ISAI, achieving several strategic goals and completing add-on acquisitions like the insurance company Atara in 2022 and NIBW in 2024, which facilitated geographical expansion into Spain and Portugal. Founded in 1970, Ascentiel, operating through brands like Assurpeople.com, employs over 180 people across offices in France and Spain and serves over 220,000 end clients.
Sectors
- Insurance
- Private Equity
- Digital Platforms
Geography
- France – Ascentiel is headquartered in Rueil-Malmaison, France, operates several offices there, and partners with leading insurance companies in the country.
- Spain – Ascentiel has expanded its operations to Spain through the acquisition of NIBW in 2024, indicating significant business operations in the country.
- Portugal – The recent acquisition has enabled Ascentiel to also expand its geographic footprint into Portugal.
- Belgium – Cobepa, the acquiring firm, is based in Belgium, making it relevant to the geography of the transaction.
Industry
- Insurance – Ascentiel operates as a digital insurance brokerage platform specializing in Property & Casualty cover, which directly links it to the insurance industry.
- Private Equity – IK Partners and ISAI Gestion, both private equity firms, are selling their majority stake in Ascentiel, indicating the involvement of the private equity industry.
- Digital Platforms – Ascentiel’s digital brokerage platform, alongside its flagship brand Assurpeople.com, is central to the company’s operations and industry classification.
Financials
- Not Disclosed – The financial terms of Cobepa's acquisition of Ascentiel Groupe are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ascentiel Groupe | Target Company | Company | A leading digital insurance brokerage platform specializing in Property & Casualty cover for individuals and small businesses. |
| IK Investment Partners | Seller | Company | A European private equity firm selling its majority stake in Ascentiel Groupe. |
| ISAI Gestion | Seller | Company | A French venture capital firm co-selling its stake in Ascentiel Groupe. |
| Cobepa | Buyer | Company | A Belgian investment firm entering into exclusive discussions to acquire a majority stake in Ascentiel Groupe. |
| Bertrand Liber | People | Person | Involved in the transaction discussions with Cobepa concerning Ascentiel Groupe. |