Who owns AXERIA IARD?

AXERIA IARD has been 100% owned by WATFORD since December 2019.

When was AXERIA IARD acquired by WATFORD?

AXERIA IARD was acquired by WATFORD in 2019.

What was the revenue of AXERIA IARD at the time of the deal?

The revenue of AXERIA IARD at the time of the deal is estimated to be in the range of €100–200M.

How is the data for the AXERIA IARD 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 AXERIA IARD 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.april.com/fr/communique-de-presse/april-signature-dun-contrat-dacquisition-en-vue-de-la-cession-daxeria-iard/

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 12.3x.

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Home Database Financial ServicesAXERIA IARD

12/2019

AXERIA IARD acquired by WATFORD

FRANCE Insurance REV €100–200M

Context

As part of its strategic refocusing on insurance brokerage, April Group sold Axeria IARD to WATFORD. This divestment allows April to exit the capital-intensive risk-carrying business and operate as a pure wholesale broker, while securing a long-term partnership with the carrier.

AXERIA IARD, 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).

-> Deep-dive in Financial Services market trends

Target

A French insurance company specialized in Property & Casualty (P&C) solutions for businesses and professionals. Axeria IARD provides coverage for risks such as multi-risk professional, construction, and motor fleets, primarily distributed through a network of independent brokers.

Ent. Value

€100–200M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

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REFERENCES

Revenue range: €100–200M

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