Carlyle’s Prima Solutions bolts on Effisoft

The new insurance technology group now counts around 300 insurance companies as clients across five continents, employs 300 people and generates revenues of approximately €50m.

Following this merger, the group will continue to be led by Prima CEO Hugues Delannoy and Effisoft CEO Julien Victor, with the support of Carlyle as the majority shareholder.

Prima is a software provider for life, health, property and casualty insurance companies. Carlyle backed the management buyout of Prima in 2017, drawing equity from Carlyle Europe Technology Partners III, which closed on its €656m hard-cap in 2015. The GP acquired a majority stake while management retained the remainder. 

Company
Founded in 1989, Effisoft is a vendor of reinsurance and regulatory software services for insurance and reinsurance companies. With headquarters in Paris and with offices also in Miami, the business employs 100 people. According to its annual accounts, Effisoft recorded €10.8m turnover in 2017.

People
Prima Solutions – Hugues Delannoy (CEO).
Effisoft – Julien Victor (CEO).

Advisers
Equity – Bryan Garnier & Co (M&A); DLA Piper (legal).
Company – Capitalmind (corporate finance); GDM Associes (legal); Hogan Lovells (legal).

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