APRIL acquired by CVC
Context
CVC Capital Partners acquired a 65.13% controlling stake in APRIL from its founder via Evolem. The transaction was followed by a Mandatory Simplified Tender Offer (OPAS) for the remaining shares, leading to the group's delisting. This strategic move allowed the group to exit the stock market and embark on a massive restructuring plan.
APRIL, which reported an EBITDA margin of [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Financial Services sector (12.3x).
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Target
A leading international insurance brokerage group and the pioneer of wholesale brokerage in France. April designs, manages, and distributes insurance solutions (Health, Personal Protection, P&C) through a network of 15,000 partner brokers and its own digital platforms.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with APRIL
Other operations with APRIL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2022 | KKR | APRIL | FRANCE | Brokerage |
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|---|---|---|---|---|
| 03/2021 | GROUPE FINIZY (MEILLEURTAUX) | ACTIVE ASSURANCES | FRANCE | Brokerage |
| 10/2020 | LATOUR CAPITAL | SANTIANE | FRANCE | Brokerage |
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| 01/2017 | GOLDMAN SACHS | GROUPE FINIZY (MEILLEURTAUX) | FRANCE | Brokerage |
| 02/2015 | ARDIAN | SIACI SAINT-HONORE | FRANCE | Brokerage |
| 04/2014 | EQUISTONE | FINAXY | FRANCE | Brokerage |
Other operations with CVC
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | CVC | FIBROTEX | ISRAEL | Ground Vehicles & Armor |
| 09/2026 | CVC | Unitex Textile Services | UNITED STATES | Sterilization & Hygiene |
| 09/2026 | CVC | RIDGE | UNITED KINGDOM | Engineering & Consulting |
| 07/2026 | CVC | DistroKid | UNITED STATES | Audiovisual Production |
| 07/2026 | CVC | EcoEridania | ITALY | Hazardous Waste |
| 06/2026 | CVC | CHESS.COM | UNITED STATES | Gaming & Consumer Apps |
| 06/2026 | CVC | GAMING LABORATORIES INTERNATIONAL | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 06/2026 | CVC | IRCA | ITALY | Ingredients |
| 06/2026 | CVC | CLEVERTECH | ITALY | Robotics & Automation |
| 05/2026 | CVC | IFF FOOD INGREDIENTS | UNITED STATES | Ingredients |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €1–10bn
EV/Revenue range: below 1.5x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of APRIL by CVC are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: cvc