trending Market Intelligence /marketintelligence/en/news-insights/trending/00oeB_BgQW4vnNeNSHu-_Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

CVC vehicle reaches agreement to boost stake in French insurance broker past 99%

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

U.S. Life & Health Insurance Market Report

CVC vehicle reaches agreement to boost stake in French insurance broker past 99%

Andromeda Investissements SAS, a holding company indirectly owned by funds managed by CVC Capital Partners Ltd., acquired a 10.18% stake in French insurance broker April SA from Persée Participations.

Andromeda will pay €22 per share for the 4,178,649 shares, taking its total ownership of April to 99.01% of share capital and 98.71% of voting rights. It intends to acquire the remaining shares through a buyout offer, to be submitted for review to the Autorité des Marchés Financiers, followed by a squeeze-out.

CVC agreed in January 2019 to acquire Evolem's 65.13% stake in April, finalizing the transaction in June. As part of the transaction, Evolem agreed to take a minority stake in Andromeda, and Persée Participations will also reinvest part of the sales proceeds in equity instruments alongside CVC and Evolem.Evolem