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M&A

AXERIA IARD

Acquired by

WATFORD

FRANCE Insurance REV [100m EUR - 500m EUR] 12/2019

Target

AXERIA IARD

Acquirer

WATFORD

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.

This transaction is part of the Financial Services industry, which currently tracks an average EBITDA multiple of 14.0x since the beginning of 2026, 5.3% decrease compared to 2025. 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 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

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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)

Year
Rev
EBITDA
EBIT
2018
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2017
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Other operations with AXERIA IARD

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.