At what enterprise value was APRIL acquired in 2022?

During the acquisition of APRIL by KKR in 2022, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of APRIL when it was acquired by KKR?

The estimated EV/EBITDA multiple for APRIL is in the range of 15x - 25x.

When was APRIL acquired by KKR?

APRIL was acquired by KKR in 2022.

What was the revenue of APRIL at the time of the deal?

The revenue of APRIL at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of APRIL during the acquisition?

APRIL's EBITDA is estimated to be in the range of 100M - 200M EUR.

How is the data for the APRIL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the APRIL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/Les-alertes-de-CFNEWS/April-s-assure-un-LBO-bis-a-bon-prix-422790

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.5x.

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Home Database Financial ServicesAPRIL

12/2022

APRIL acquired by KKR

FRANCE Brokerage EV 1b - 4b EUR

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.

It is worth noting that the fund Cvc took control of April through an LBO in 2019.

APRIL, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).

-> Deep-dive in Financial Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Other operations with APRIL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2019	CVC	APRIL	FRANCE	Brokerage

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of APRIL by KKR 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: kkr