LBO of COFARCO with Siparex Entrepreneurs and Bpifrance
COFARCO welcomes Siparex Entrepreneurs and Bpifrance to its capital, alongside Frédéric Blanchi, Founder-Director, and key managers who strengthen their presence on this occasion, including Mircea Bala who becomes Managing Director.
COFARCO, founded in 2009 by Frédéric Blanchi, is an insurance broker specializing in credit, political risk and surety insurance, with offices in Paris, Geneva and London, where it has been an accredited member of the Lloyd’s market since 2019.
With direct access to more than sixty partner insurers, COFARCO serves key accounts in Europe, the Middle East and Africa, mainly multinational companies and financial institutions operating in sectors where the company has differentiating technical expertise, including commodities trading, infrastructure financing and the gas and electricity markets.
With the support of Siparex Entrepreneurs and Bpifrance, COFARCO aims to deploy an ambitious strategic development plan, based on operational excellence and innovation, with a view to expanding its customer portfolio, opening new international offices and exploring external growth opportunities. The financial operation also enables key employees to acquire a stake in the company, including Mircea Bala, who has been with the company for 14 years and has been appointed Managing Director.
2024
Largillière Finance Experts
- Nicolas Ibanez
Counterpart
This transaction marks a decisive step for COFARCO. It reflects not only the solidity of our fundamentals and the recognition of our expertise in demanding markets, but also our ambition to pursue sustained growth by offering a differentiating service in sectors where credit insurance and bonding have a decisive impact on our customers’ financing or balance sheet management strategies. With the support of Siparex Entrepreneurs and Bpifrance, we now have the means to intensify our efforts in terms of innovation, operational excellence and strategic expansion, while continuing to serve our customers with the same level of commitment.
Frédéric Blanchi and Mircea Bala
President of COFARCO and General Manager
Insurance brokerage is a sector we know particularly well, having advised on over twenty transactions in recent years. We are proud to have supported Frédéric Blanchi, CEO and founder of Cofarco, and his team in this major transaction. The entry into the capital of renowned institutional partners such as Siparex and Bpifrance reinforces Cofarco’s growth ambitions, particularly with its key account customers, while consolidating the commitment of the management team around the new Managing Director Mircea Bala
Nicolas Ibanez
Partner at Largillière Finance
We are delighted to support COFARCO in this key stage of its development. Its unique expertise, capacity for innovation and independence have already made it a benchmark player in its strategic markets. We fully share COFARCO’s ambition to consolidate this position through both organic and external growth, while preserving its entrepreneurial DNA and proximity to its customers, and will provide the management team with the full support of the Siparex platform.
Edouard Ribaute and Claire Ramadier
Director and Deputy director Siparex Entrepreneurs
We are delighted to support COFARCO in this new, structuring stage of its development. The markets in which the Group operates combine growth and recurrence, and during our due diligence we were able to measure the extent to which the ecosystem recognizes the expertise and quality of COFARCO’s teams. We will be able to rely on this solid foundation to deploy the development plan driven by Management.
Baptiste Proveau and Augustin Chappelon
Investment Director and Senior Investment Officer at Bpifrance
Contact presse
Margie
Aliénor Miens - +33 6 64 32 81 75 - alienor.miens@margie.fr
Largillière Finance, the independent M&A advisor for growth companies
As an independent specialist in mid-cap transactions, Largillière Finance advises executives and shareholders on their capital transactions, including disposals, acquisitions, LBOs, financing solutions (equity and/or debt), financial engineering (valuation, etc.) and financial strategy advisory.
With more than 45 investment bankers and professionals, a strong presence in Paris, across the French regions (Bordeaux, Lyon, Nantes) and internationally, Largillière Finance has completed nearly 400 transactions and established itself as a leading market player.
Largillière Finance is a member of REACH Cross-Border M&A, a global M&A advisory network specialized in the mid-market segment, bringing together more than 400 investment bankers across major financial centers in over 30 countries.
