Ascentiel Groupe in Exclusive Talks for Acquisition by Cobepa
Deal News | Nov 19, 2024 | White & Case
White & Case, a global law firm, is advising Cobepa on its entry into exclusive negotiations to acquire a majority stake in Ascentiel Groupe, a digital insurance brokerage platform specializing in property and casualty coverage. The sellers are IK Partners, ISAI Gestion, and Bertrand Liber. The deal will take place in partnership with Ascentiel's management team and is pending works council consultation, with an expected closure by the end of 2024. Cobepa is an international investment firm with a diverse private equity portfolio worth about €4.7 billion. The legal advisory team for the transaction is led by Marc Petitier from White & Case's Paris office, alongside several partners and associates.
Sectors
- Private Equity
- Insurance
- Legal Services
Geography
- France – The advisory team from White & Case is based in Paris, indicating the geographical context of the transaction.
- Belgium – Cobepa has headquarters in Brussels, Belgium, indicating its geographical base.
Industry
- Private Equity – Cobepa is a private equity investment firm involved in acquiring Ascentiel Groupe.
- Insurance – Ascentiel Groupe operates in the digital insurance brokerage space, focusing on property and casualty insurance.
- Legal Services – White & Case, a legal firm, is advising Cobepa on the acquisition.
Financials
- 4.7 billion – The total equity capital managed by Cobepa in its portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Companies | Global law firm advising Cobepa on the acquisition. |
| Cobepa | Bidding Company | Companies | An independent investment company acquiring a majority stake in Ascentiel Groupe. |
| Ascentiel Groupe | Target Company | Companies | A digital insurance brokerage platform specializing in property and casualty coverage. |
| IK Partners | Selling Company | Companies | Owner of Ascentiel Groupe, involved in selling its stake in the company. |
| ISAI Gestion | Selling Company | Companies | Co-owner of Ascentiel Groupe, involved in selling its stake in the company. |
| Bertrand Liber | Seller | People | Individual involved in selling a stake in Ascentiel Groupe. |
| Marc Petitier | Lead Legal Advisor | People | Partner at White & Case leading the legal advisory team for the transaction. |