BlackFin buys DevisMutuelle and KelAssur

The GP has a history of activity in the insurance aggregator space: in July 2012, BlackFin completed the buyout of MisterAssur, then an investment in Mutuelle Conseil followed in January 2013 and a capital injection in KBO Group in March 2013.

BlackFin intends to build an independent group of online comparison sites for financial products in France.

Both companies will continue to operate as before, retaining corporate independence.

The acquisitions are in line with BlackFin's exclusive focus on the financial services sector in Europe.

Company
DevisMutuelle is an online health insurance comparison site based in France. The company's platform scans insurance and mutual insurance offerings from 40 providers to find the most suitable option for its users.

KelAssur's comparison site compares a range of insurance products including motor, health, home and life insurance. Users are able to find the cheapest option to suit their needs.

People
Eric May, Paul Mizrahi and Bruno Rostain are managing directors of BlackFin.

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