Arjel Certification
Activity :
Financial services
Customer :
Antinea Courtage Assurances
Acquirer :
Manager, Capelia
Advice :
Nicolas Ibanez, Alexandra Marquand, Maxime Fournely
About Largillière Finance
With offices in Paris, 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.
LBO/MBO/OBO - 2022
The investment bank Largillière Finance has advised Patrick Ginet, shareholder and chairman since 2006 of the Antinea Courtage d'Assurances group, in the process of family transmission to the new generation, with the support of the Lyon-based entrepreneurs fund Capelia. Objective: to formalize the beginning of the intra-family transmission, to perpetuate the company and to double the turnover within 5 years.
An insurance broker for over 80 years, Antinea Courtage d'Assurances is a family-owned company that since 2018 has grouped together the brokers Ginet, Sacdrop Assurances and Auvergne Courtage d'Assurances. Chaired by Patrick Ginet, the structure employs more than 95 people in its management centers in Béligneux near Lyon, in Grenoble, in Clermont-Ferrand and within its 9 commercial establishments. Ranked 23rd French broker in 2021 by the Argus de l'Assurance, Antinea has a turnover of more than 10 M€ and counts among its clients more than 5,000 companies. The group is specialized in the transport and logistics sectors, and in the building and construction industry.
Chairman and shareholder of the group since 2006, Patrick Ginet now wishes to initiate the transmission of the company to his son Quentin, current CEO since 2020, by selling him part of his shares. The operation is supported by the Lyon-based investment company Capelia, which is taking a minority stake in the company.
This new step is in line with the development plan initiated by Patrick Ginet, which is based on the consolidation of the group and the pursuit of development on the territory with the opening of new management centers.
Largillière Finance is well acquainted with the insurance sector, having carried out more than ten transactions in the last two years. The efficient process carried out by the investment bank has allowed to set the best conditions for all parties involved in this operation.
About Antinea
Created in 1926, Antinea Courtage d'Assurances is a family company specialized in insurance brokerage covering the business risks of small and medium sized companies.
Antinea Courtage d'Assurances is mainly active in the freight transport sector.
About Capelia
Capelia is an investment company, based in Lyon and Lille, which supports SMEs in their development and transmission projects. Capelia was founded in 2009 by five entrepreneurs whose desire is to be useful and involved with the managers of the companies in which they invest. Capelia invests between 2 and 10 M€ as a minority or majority shareholder and can accompany projects over several cycles.
List of speakers
| M&A Advisory for seller: Largillière Finance | Nicolas Ibanez, Alexandra Marquand, Maxime Fournely |
| Legal advice for seller: Legi Avocat | Fabien Delmas |
| Investor legal adivce: Kelten | Mathias Lenclud, Antonin Thel |
Patrick Ginet, Chairman and CEO of Antinea
” We are delighted with the support of Largillière Finance in this operation which is the first step of a progressive transmission over the next ten years so that the company remains in the Ginet family ”
Capelia
” This transaction is typical of our DNA: to enable the transfer of family-owned SMEs and to be useful and involved with the managers of the companies in which we invest. We are delighted to accompany Antinea and are confident in its strengths to succeed in this first step alongside Quentin and Patrick “
Nicolas Ibanez, Partner Largillière Finance
“Antinea and its managers are recognized brokers in their sector, we are delighted to be part of this family history and to accompany Patrick and Quentin for this progressive handover.”
With more than 40 employees, a strong international presence and nearly 30 operations in 2023, Largillière Finance confirms its leader position in small and midcap in France.
2021 – Fusions & Acquisitions – Opérations Small Cap – Banque d’affaires – France 2021 – Capital investissement – Opérations LBO Small Cap – Banque d’affaires – France
Investment Banking: Growth Dynamics: Silver Trophy 2022 M&A Advisory: Retail & Consumer Goods, FIG, TMT, Industry: 2021 Silver Trophy.About Largillière Finance
With offices in Paris, 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.
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