Groupe Premium on sale, with Cambon advising

Montefiore-owned Groupe Premium, an asset manager, is on sale with Cambon Partners advising, according to sources. Information memoranda were sent around a month ago, sources said.

The company is marketed off an EBITDA of about €20 million, sources said. Direct lenders are interested the company, sources added.

Montefiore acquired a majority stake in the company in 2018, while one of the founders retained a minority stake.

The group is made up of three main companies with complementary expertise — Predictis, Capfinances and Flornoy — and specializes in insurance brokerage and asset management. The business was created in 2000, has €2.25 billion under management, and reported a turnover of around €65 million.