Activa sells Active Assurances to Silver Lake's Meilleurtaux

The deal values the company at around €150-200m, a source close to the situation told Unquote.

The sale ends a three-year holding period for Activa, which acquired a 40% stake in Active Assurances, investing alongside BPI France. The GP backed the company via its €206m vehicle Activa Capital III.

Under Activa's ownership, the company developed a wholesale division, completed the acquisition of AFI Assurances and bought a portfolio of complementary health policies.

Meilleurtaux is a French financial services provider that offers loan insurance, mortgage brokerage, debt consolidation services, savings and investment products, and health insurance and brokerage offerings. Silver Lake acquired a majority stake in the business from Goldman Sachs for around €700-800m in October 2020.

Company
Founded in 2011, Active Assurances is a digital insurance broker specialised in car and health insurance.

The company is headquartered in Boulogne-Billancourt, with an additional management centre based in Madagascar.

Active Assurances expects to generate 120,000 new policies and double its turnover in 2021, reaching €40m.

People
Activa Capital – Alexandre Masson, Christophe Parier (managing partners).
Active Assurances – Thomas Riottot (chair).

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