Kereis Set for New Chapter with Advent International's Acquisition
Deal News | May 28, 2025 | Advent International
Advent International, a leading global private equity investor, has entered into exclusive negotiations to acquire Kereis, a Paris-based European leader in multi-channel insurance brokerage, from Bridgepoint. Founded in 1991, Kereis distributes tailored insurance solutions through a vast network of brokers across seven European countries, employing over 1,700 individuals. Under Bridgepoint's ownership since 2020, Kereis has seen significant growth, including doubling its revenues, tech platform advancements, and expansion into corporate risk, health, and property and casualty insurance sectors. The acquisition, pending regulatory approval, will allow Advent to leverage its expertise in financial services to enhance Kereis's leadership in the European market.
Sectors
- Financial Services
- Insurance
- Private Equity
Geography
- France – Kereis, the target company, is headquartered in Paris, and the acquisition highlights the strategic importance of the French market in European insurance brokerage.
- Europe – Kereis operates across several European countries and the acquisition reflects Advent International's continual investment in the European insurance market.
Industry
- Financial Services – The acquisition involves two companies that operate within the financial services sector, with Kereis focusing on insurance brokerage and Advent having a strong track record in the business and financial services space.
- Insurance – Kereis is a major player in the insurance brokerage industry, specifically dealing with housing protection insurance and diverse insurance solutions across multiple European countries.
- Private Equity – Advent International, a private equity firm, is acquiring Kereis, showcasing typical private equity investment dynamics including strategic expansions and leveraging sector expertise.
Financials
- – Terms of the potential transaction between Advent and Kereis were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advent International | Bidding Company | Company | A leading global private equity investor aiming to acquire Kereis, leveraging its experience in financial services. |
| Kereis | Target Company | Company | A major European multi-channel insurance brokerage company, known for its strong presence in France and recent growth under Bridgepoint's ownership. |
| Bridgepoint | Selling Company | Company | A leading private asset growth investor that has owned Kereis since 2020 and supported its expansion and transformation. |
| Philippe Gravier | CEO of Kereis | Person | Chief Executive Officer leading Kereis through its expansion and transformation during Bridgepoint's ownership. |
| Benjamin Buerstedde | Partner at Advent | Person | Involved in facilitating Advent's potential investment in Kereis and supporting its expansion strategy. |
| Hadrien de Bardies | Director at Advent | Person | Focused on utilizing Advent's global resources to scale Kereis further. |
| Vincent-Gael Baudet | Head of Bridgepoint Europe in France | Person | Responsible for overseeing Bridgepoint's involvement and value-building initiatives at Kereis. |
| Carl de Vergie | Partner at Bridgepoint | Person | Played a role in driving Kereis's growth through modernizing and expanding its operations. |