Fiblac Leads Exclusive Talks for Majority Stake in Albingia
Deal News | Dec 16, 2024 | Goodwin
Fiblac, the financial holding of the Chamoin family, has entered into exclusive negotiations with Eurazeo to acquire a majority stake in Albingia, a prominent player in the French commercial insurance lines market. The proposed acquisition would see Eurazeo selling its 70% stake, making Fiblac the new majority shareholder. Fiblac is leading a consortium that includes Albingia's management team, Krefeld of the Hermès families, and Canadian insurance specialist Fairfax Financial Holdings. The Paris Private Equity team of Goodwin is advising Fiblac, with a legal team led by Maxence Bloch and supported by experts on corporate, tax, and financing aspects.
Sectors
- Private Equity
- Insurance
- Corporate Finance
Geography
- France – Albingia is based in France, and the transaction influences the French insurance market.
- Canada – Fairfax Financial Holdings, a consortium partner, is a Canadian company.
Industry
- Private Equity – Fiblac and consortium partners engage in private equity negotiations to acquire Albingia.
- Insurance – The acquisition target, Albingia, operates in the French commercial insurance lines market.
- Corporate Finance – The transaction involves acquisition and financial negotiations led by Goodwin.
Financials
- 70% – Eurazeo's financial stake in Albingia being sold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fiblac | Bidder | Company | Financière de Blacailloux, the financial holding of the Chamoin family, leading the acquisition bid. |
| Eurazeo | Vendor | Company | Current owner of a 70% stake in Albingia, selling its financial stake. |
| Albingia | Target | Company | An independent player in the French commercial insurance lines market. |
| Krefeld | Consortium Member | Company | Family office of the Hermès families, part of the consortium led by Fiblac. |
| Fairfax Financial Holdings | Consortium Member | Company | Canadian company specializing in insurance and re-insurance, part of the consortium. |
| Goodwin | Legal Advisor | Company | Advising Fiblac on corporate, tax, and financing aspects of the transaction. |