Activity :
Financial services
Customer :
Suire-Sogeas group
Acquirer :
Meanings Capital Partners
Advice :
Nicolas Ibanez, Florian Leginy, Paul Sardinha Marques, Thibault Arnoult, Melvin Guy
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 - 2025
A leading player in mid-cap investment in the unlisted market, Meanings Capital Partners has acquired a stake in the Suire-Sogeas group, a major player in personal insurance brokerage in France.
The transaction led by Meanings Capital Partners brings together two specialists in life insurance brokerage, Suire Vie & Patrimoine and Sogeas. It aims to accelerate market consolidation, strengthen the group's development platform, and position the entity as a leading player in a rapidly changing sector.
The executive trio is composed of Thibault Suire (President), Diego de La Buharaye and Alexandre Pimont (General Management). They are significantly reinvesting alongside Meanings Capital Partners and their management team, demonstrating their confidence in the project and their commitment to pursuing long-term development. Capital Croissance, already a shareholder in Suire Vie & Patrimoine since a fundraising operation in 2021 led by Largillière Finance, is reinvesting alongside the reference shareholders.
The group combines two founding companies:
With more than €100 million in premiums under management, the group holds leading positions in the health insurance and retirement markets.
A proven consolidation platform
Suire-Sogeas has demonstrated its ability to establish itself as a consolidation platform in its sector.
Since 2018, the group has successfully completed six external growth operations, generating structural synergies and enabling the development of new skills. With a substantial M&A pipeline, the group intends to accelerate its build-up strategy in a market that remains highly fragmented, in order to complete its national network, expand its teams, and enrich its product offering.
Since 2022, Suire-Sogeas has posted robust organic growth of over 10% per year, driven by a recurring business model and strong customer loyalty. As a partner to major insurance groups (SwissLife, Apivia, AXA, Generali, GAN, Malakoff Humanis, April, etc.), the group offers a range of products covering health, personal protection, retirement, savings, and property and casualty insurance. This meets the needs of a solid and dynamic market, stimulated by the coverage of self-employed workers, the widespread adoption of group health and life insurance plans, and the rise of solutions dedicated to the social and solidarity economy (SSE).
Growth based on social utility
The Suire-Sogeas group stands out for its “Solidarity” offering dedicated to vulnerable populations. Its solutions, developed in partnership with the medical-social sector, meet specific needs in a rapidly growing segment. In 2024, this activity already accounted for nearly 25% of the group’s revenue, making it a leading player in the sector.
This strategic direction, combined since 2021 with a proactive CSR policy, reflects Meanings Capital Partners' Humanly Responsible Investor® approach and the resulting social and environmental sustainability requirements.
Thibault Suire, President, and Diego de La Buharaye and Alexandre Pimont, General Managers of Suire-Sogeas:
“With Meanings Capital Partners, we share the conviction that it is possible to reconcile economic performance and impact within a dynamic, innovative, and sustainable entrepreneurial approach, all while serving our clients. We are eager to begin this new growth phase for our group.
This dual transaction, which facilitated the combination of our two groups and the partnership with a reference investor, was made possible by the creativity and unfailing support of the teams at Largillière Finance. Their expertise in the financial services sector and their perfect understanding of our challenges were decisive in the success of this major step forward.
Very soon, new high value-added activities should also complement the range of solutions offered by the group.”
François Tranié and François Galand, respectively Mid Cap Partner and Investment Director within the Mid Cap team at Meanings Capital Partners:
“In a market undergoing consolidation, where critical mass and agility are decisive levers, the Suire-Sogeas group’s management team convinced us with their proactive vision and ability to anticipate profound changes in the sector, while innovating in high value-added segments.”
Nicolas Ibanez, Partner at Largillière Finance:
“We sincerely thank the management team of Suire and Sogeas as well as Capital Croissance for once again renewing their trust in us. We have known these teams for many years, particularly following the transactions carried out alongside them, including Suire’s fundraising with Capital Croissance in 2021, and we are delighted to continue this long-term relationship. Their vision, dynamism, and ability to structure a leading player in a rapidly transforming market are truly admirable. With the arrival of Meanings Capital Partners, they now have the ideal partner to pursue the implementation of their ambitions.”
With more than 40 employees, a strong international presence and nearly 30 operations in 2024, Largillière Finance confirms its leader position in small and midcap in France.
Investment Bank: "Best growth dynamic": Golden Trophy 2025 Investment Bank: "Best M&A (small to mid) team": Special Mention 2025
Leading
Excellent
Highly Recommended
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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