Eurazeo invests in AssurCopro

Founders Vincent Mancel and Olivier Scemama will retain a stake in the company alongside Eurazeo PME and the AssurCopro management team.

Eurazeo will work alongside the company's managers Henri Combremont, Virginie Lorrain, Christophe Chombard and Muriel Marchesini to look at external growth opportunities and consolidate the group's current offer, which notably includes the AssurTréso service launched at the end of 2015.

The GP said it would aim to double the group's size within the next five years, aiming for a €95m turnover for 2016, a 10% increase on the previous year.

The deal is scheduled for completion in September 2016.

Company
Founded in 1927, AssurCopro is an insurance broker for joint ownership of property. The group has established partnerships with 1,600 joint ownership and property management associations in France.

The company currently counts 54 employees. It registered a turnover in the region of €86.3m for 2015.

People
Eurazeo PME – Pierre Meignen (associate director).

Advisers
Equity – Natixis Partners (M&A).
Company – Financière Cambon (corporate finance).

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