Activa, BPI France invest in Active Assurances

Following the deal, Activa and BPI will join the founding shareholders in Active Assurances in a bid to help support the company in developing its current market position. The company notably intends to launch new products and distribution channels.

The transaction is the seventh acquisition from Activa's latest vehicle, Activa Capital Fund III, which held a final close on €220m in October 2015.

A senior debt package was provided and co-arranged by BNP Paribas and Banque Populaire Rives de Paris.

Company
Founded in 2011 and headquartered in Boulogne-Billancourt, Active Assurances is an insurance brokerage company focused on motor insurance. It works with insurance companies and develops products, distributes them online, manages the policies and cash flows, and sometimes handles claims.

The firm extended its services to the distribution and management of white-label insurance policies for large brokers, insurers, and mutual insurance companies in 2016. It also operates an offshore management centre with 100 employees.

People
Activa Capital – Alexandre Masson, Christophe Parier (partners).
BPI France – Ménelé Chesnot, Matthieu Rabeisen (partners).
Active Assurances – Didier Naccache (president).

Advisers
Company – Cambon Partners, Guillaume Eymar, Vincent Ruffat (M&A); Linklaters, Marc Petitier, Maud Fillon (legal).
Equity – 8 Advisory, Christian Berling, Clément Evain (financial due diligence); Monitor Deloitte, Cyril Gay Belan, Samuel Galbois, Adrien Lafargue (commercial due diligence); McDermott Will & Emery, Henri Pieyre de Mandiargues, Félix Huon, Herschel Guez, Anne Febvre, Antoine Vergnat, Pierre-Arnoux Mayoly (legal); Lamartine Conseil, Thierry Filippi, Bérengère Coussolle (legal).

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• Topics
• Buyouts
• France
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• France
• Activa Capital
• BPI France