Press release - 9 November 2023
Investment bank Largillière Finance has advised Finaxy Group, France's 10th largest insurance broker, on the creation of Xplorassur.
Founded in 2009 by Erick Berville, Finaxy Group has established itself in less than 15 years as one of France's leading insurance brokers, thanks to solid organic growth and a sustained acquisitions policy.
Investment bank Largillière Finance advised Finaxy Group on the acquisition of Présence Assistance Tourisme. By combining this specialist travel insurance broker with Assurinco Voyage and Libbela, acquired at the same time, Finaxy Group has created Xplorassur, Europe's number 1 in travel insurance and assistance, with sales of over €20 million and more than 5 million customers.
With this new scope, Finaxy Group will pass the €100 million mark in commissions and €700 million in premiums collected, consolidating its position as a multi-specialist insurance broker in high value-added niche markets.
Largillière Finance is very active in the financial services sector, particularly in insurance, where it has supported nearly twenty deals in recent years. Thanks to its expertise in the insurance sector, the investment bank is one of Finaxy Group's regular partners - having already advised this group, backed by Ardian since 2020, in its acquisition of Arc Assurances.
Shamir Razavhoussen, Managing Partner at Largillière comments: “We are delighted to have once again supported Finaxy Group in this structuring operation in the travel insurance sector. The insurance brokerage sector continues to consolidate strongly. The travel insurance segment is structurally growing, and should reach $3.4 billion in premiums in France by 2026. Xplorassur, backed by Finaxy Group, is positioned as the No. 1 in its sector”.
With offices in Paris, Lyon, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
