MBO Partenaires and Societe Generale exit CFDP

The transaction sees Financière Miro, the investment arm of insurance group Albingia, take a 42% stake in the group, while Scor, another insurer, is taking a 10% share. The two investors are the new controlling shareholders of CFDP.

According to Goodwin, which advised the new investors on the transaction, the CFDP SAS entity, which regroups some company employees and a number of insurance brokers, will retain the balance of the company's share capital (48%). 

The deal comes after a five-year holding by MBO Partenaires and Societe Generale, which became minority shareholders in 2011. Since then, CFDP's turnover has increased from €30m to €51m in 2015. 

Previous funding
In March 2011, MBO Partenaires and Societe Generale supported a €7m owner buyout for CFDP, taking a 33% minority stake in the group. MBO's stake represented around 24.5%, while that of Societe Generale amounted to 3.5%.

Company
Based in Lyon, CFDP provides insurance and related services specialising in legal protection. The group generated close to €51m in revenues in 2015.

Advisers
Equity – Goodwin, Maxence Bloch, David Diamant (legal).
Vendor – Aklea Société d'Avocats, Yan Freyria-Courtois, Marion Vibert (legal).
Company – Fiducial Legal by Lamy, Eric Baroin, Céline Villacampa (legal); Dahan & Associés, Carole Dahan (legal).

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• Topics
• Exits
• Buyouts
• France
• Financials
• France
• MBO Partenaires
• Societe Generale