APRIL
Acquired by
KKR
APRIL acquired by KKR
Target
APRIL
Acquirer
KKR
Context
KKR is acquiring insurance broker April from CVC Capital Partners for EUR2.3 to EUR2.4 billion, representing 15 times its projected 2022 EBITDA. The deal is highly profitable for CVC, which valued April at EUR900 million three years ago, representing a 2.5-fold increase in value.
APRIL, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 14.0x average currently observed in the Financial Services sector.
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with APRIL
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2019 | CVC | APRIL | FRANCE | Brokerage | 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. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.