Silverlake buys Groupe Meilleurtaux from Goldman Sachs

French daily Le Figaro reported that the UK-based GP paid €700m for its majority stake, while Le Revenu reported the amount to be between €700m and €800m. 

Meanwhile, the management of the company is reinvesting alongside the GP.

The deal comes three years after Goldman Sachs, via West Street Capital Partners VII, invested in the company. 

Silver Lake plans on investing heavily in Meilleurtaux's product range and partnership network to help further accelerate the company's strong organic and inorganic revenue growth, and to expand its offerings.

Meilleurtaux in 2019 generated sales of €200m. 

Previous funding
Caisse Nationale des Caisses d'Epargne (CNCE) in 2007 acquired a 50.14% stake in Meilleurtaux for around €70m, according to Unquote Data. The GP then increased its stake and de-listed the business in 2009 for an overall investment reported to be nearly €200m.

In 2013, Equistone entered into negotiations with BPCE, a merger of CNCE and Banque Fédérale des Banques Populaires (BFBP), to wholly acquire Meilleurtaux for around €20m via its Fund IV. 

In 2017, Goldman Sachs Merchant Banking Division, via its fund West Street Capital Partners VII, paid €265m for the company. 

Company
Founded in 1999 and based in Paris, Meilleurtaux offers loan insurance and mortgage brokerage, debt consolidation services, and savings and investment products, as well as P&C and health insurance distribution, and brokerage offerings via its 340 brokerage branches. The company generated a turnover of €200m in 2019 and employs 1,300 staff. 

People
Groupe Meilleurtaux – Guillaume Autier (CEO); Thomas Kienzi (CFO).  

Advisers
Vendor – Kirkland & Ellis (legal).

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