21 Invest France acquires FMA Assurances

21 Invest France is currently investing from 21 Centrale Partners V, which held a final close on €230m. The fund invests in French small, medium-sized and large companies providing tickets in the €20-50m range.

Following the transaction, FMA plans to strengthen its position in its current segments and expand into new sectors through organic and external growth.

FMA posted revenues of €24m in 2018.

Company
Founded in 1996, FMA is a broker that designs, distributes and manages insurance products for individuals. It specialises in motorcycle insurance. The company offers property, casualty and personal insurance and is based in Paris. It employs approximately 100 people.  

People
21 Invest France - Stéphane Perriquet (managing partner).
FMA Assurance - Ludovic Dumont (CEO & founder).

Advisers
Equity – Mediobanca (M&A); KPMG (financial due diligence); Chappuis Halder (commercial due diligience); Paul Hastings (legal, tax, debt advisory).
Vendor – EY (M&A, financial due diligience); Vatier (legal); Herbert Smith Freehills (legal).
Management - Claris Avocats (legal).

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• Buyouts
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• KPMG
• Mediobanca
• EY (Ernst & Young)