Tikehau backs insurance broker Filiassur

A spokesperson for Filiassur confirmed that management retained a majority stake in the business. CIC Nord Ouest arranged a senior debt package to leverage the investment.

Tikehau has acquired a larger minority stake than the one previously owned by Initiative & Finance, which made a money multiple of around 2-3x, Unquote understands.

Initiative & Finance took a minority stake in the business in 2011. The deal valued Filiassur in the €25-50m range.

Company
Launched in 2007, Filiassur is a personal insurance broker. It offers a range of contracts including health and life insurance, as well as income protection products.

The company has a client base of 300,000 and employs around 600 people. Headquartered in Paris, Filiassur also has facilities in Spain, Italy, Tunisia and Morocco. The company generates a turnover of €26m.

People
Filiassur – Denis Bizien (CEO).
Tikehau Capital – Antoine Flamarion (co-founder). 
Initiative & Finance – Jean-Bernard Meurisse (president). 

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