Coface: Strategic Acquisition of Cedar Rose Group Boosts Data Services in MEA
Deal News | Feb 03, 2025 | Globenewswire
Coface, a global leader in trade credit insurance and risk management, has announced an agreement to acquire Cedar Rose Group, a leading provider of business information solutions in the Middle East and Africa. With over 25 years of experience, Cedar Rose has built a reputation for high-quality data services in regions where information is hard to access. This acquisition is part of Coface's ongoing strategy to enhance its informational capabilities under its 'Power the Core' strategic plan. After the acquisition, Cedar Rose will serve as Coface's primary information provider in the MEA region for credit insurance and information services. The acquisition aims to bolster Coface's position in a region poised for economic growth while overcoming challenges related to data availability. The transaction's closing is pending customary conditions. Antoun Massaad, CEO and co-founder of Cedar Rose, expressed optimism about the growth opportunities this alliance presents for Coface in the MEA region.
Sectors
- Trade Credit Insurance
- Information Services
Geography
- Middle East and Africa – Cedar Rose operates primarily in the Middle East and Africa, a region where Coface is looking to expand its data services and credit insurance offerings.
- France – Coface is based in France, and this acquisition aligns with its broader strategic priorities originating from its headquarters.
Industry
- Trade Credit Insurance – Coface is primarily involved in trade credit insurance, providing services that protect businesses from non-payment risks in both domestic and international trade.
- Information Services – The acquisition of Cedar Rose, a company known for its information services, emphasizes Coface's focus on strengthening its data capabilities and offerings in the Middle East and Africa.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coface | Bidding Company | Company | A leader in trade credit insurance and risk management, with extensive operations worldwide. |
| Cedar Rose Group | Target Company | Company | A leading provider of business information solutions in the Middle East and Africa with over 25 years of experience. |
| Antoun Massaad | Person | People | CEO and co-founder of Cedar Rose Group, responsible for leading the company through this acquisition. |
| Christina Massaad | Person | People | Co-founder of Cedar Rose Group, involved in the agreement with Coface. |
| Ernesto de Martinis | CEO for Mediterranean and Africa region | People | Key executive at Coface, overseeing the Mediterranean and Africa region, which includes the acquired Cedar Rose operations. |