Press release - 27 July 2023
Investment bank Largillière Finance advised FINAXY Group, the 10th largest French insurance broker, on the acquisition of ARC Assurances, an insurance broker specializing in corporate risk coverage.
Founded in 2009 by Erick Berville, FINAXY Group is one of the French leaders in insurance brokerage. With €650 million in premiums collected in 2022 in 25 countries, the group entered the very exclusive club of the top 75 global brokers in 2014 and ranks 10th among French brokers with 10,000 corporate and 200,000 individual clients. Its multi-specialist brokerage activity is structured around three major axes: companies, individuals and major strategic partnerships.
ARC Assurances is a B2B broker based in Lyon, specializing in corporate risk coverage. With a client base of 200 SMEs and ETIs, ARC Assurances ranks 48th among insurance brokers in France.
FINAXY Group, supported by the Ardian Expansion investment fund since 2020, has been engaged in a dynamic and selective external growth approach for several years, and has mandated Largillière Finance for this purpose. Thanks to its good knowledge of the sector, the investment bank supported FINAXY Group in the acquisition of ARC Assurances. Thus, FINAXY Group strengthens its presence in Rhône-Alpes, and while ARC Assurances joins a leading group and consolidates its know-how in Supplementary Social Protection and specific sectoral approaches.
Erick Berville, Founder and CEO of FINAXY Group, said: "The support of Largillière Finance and more particularly of Shamir Razavhoussen and his team with whom we have worked for many years was decisive in the acquisition of ARC Assurances for the FINAXY Group. This new operation leads us to integrate a Lyon company allowing us to further consolidate our position in the Rhône-Alpes region on corporate risk but above all and before anything else to welcome a dynamic and professional team within FINAXY Group."
Shamir Razavhoussen, Associate Director at Largillière Finance, comments: “We are very pleased to have supported FINAXY Group in this transaction. Insurance brokerage is undergoing a complete transformation, under the dual conjunction of the rise of new risks and a profound consolidation movement. Largillière Finance has supported nearly twenty transactions in this sector in recent years.”
Stakeholders in the operation:
| Seller: ARC Assurances | David Angelvin-Bonnetty, Jessica Angelvin-Bonnetty |
| Buyer: Finaxy Group | Erick Berville, Philippe Guetta & Cyril Chazarain |
| Buyer M&A Advisor: Largillière Finance |
Shamir Razavhoussen |
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.
