ASCORA acquired by IK PARTNERS
Context
IK Partners acquired a majority stake in Ascora to facilitate its managerial transition. With this first LBO, Ascora is entering a new development phase supported to accelerate its consolidation strategy. Having already acquired thirteen brokers, the group aims to leverage IK's expertise in scaling insurance platforms to strengthen its leadership position in the French market.
ASCORA, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.1x).
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
Founded in 1989, Ascora is one of the top 20 insurance brokers in France. It offers a comprehensive range of services including distribution, underwriting, contract production, and claims management. The group operates across three main expertise lines: Real Estate, P&C (IARD), and Life & Health insurance, serving over 12,000 clients.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: ascora
Acquirer: ik partners