At what enterprise value was CAFPI acquired in 2021?

During the acquisition of CAFPI by BLACKFIN CAPITAL in 2021, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of CAFPI when it was acquired by BLACKFIN CAPITAL?

The estimated EV/EBITDA multiple for CAFPI is in the range of 10x - 18x.

When was CAFPI acquired by BLACKFIN CAPITAL?

CAFPI was acquired by BLACKFIN CAPITAL in 2021.

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

The revenue of CAFPI at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of CAFPI during the acquisition?

CAFPI's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the CAFPI 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 CAFPI 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.cafpi.fr/groupe-cafpi/espace-presse/blackfin-acquisition-cafpi

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 12.4x.

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Home Database Financial ServicesCAFPI

05/2021

CAFPI acquired by BLACKFIN CAPITAL

FRANCE Brokerage EV 100M - 350M EUR

Context

BlackFin Capital Partners entered into exclusive negotiations to acquire a majority stake in Cafpi. The transaction allows for a family reorganization: the founder fully exits, while his brother reinvests alongside the management team. BlackFin secured the deal via a preemptive offer, beating out competitors like Cerberus and Santiane (backed by Latour Capital) in a process managed by Cambon Partners. The acquisition is financed by a unitranche debt representing approx. 4.0x EBITDA. The strategic roadmap focuses heavily on digitalization (currently only 7% of business comes from the web) and product diversification (savings, home insurance).

CAFPI, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

Target

Founded in 1971, Cafpi is the pioneer and leader of mortgage brokerage in France. Unlike its digital competitors, it relies on a dense physical network of 240 agencies and 1,500 employees/mandatories. The group generates 85% of its revenue from mortgage brokerage, with the remainder from loan repurchasing and borrower insurance. It has a nascent international presence in Portugal and Morocco.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Brokerage

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2021	CHARTERHOUSE	SIACI SAINT-HONORE	FRANCE	Brokerage
07/2021	ABENEX	GROUPE LEADER INSURANCE	FRANCE	Brokerage
03/2021	GROUPE FINIZY (MEILLEURTAUX)	ACTIVE ASSURANCES	FRANCE	Brokerage
10/2020	LATOUR CAPITAL	SANTIANE	FRANCE	Brokerage
07/2020	ARDIAN	FINAXY	FRANCE	Brokerage
07/2020	SILVER LAKE	GROUPE FINIZY (MEILLEURTAUX)	FRANCE	Brokerage
05/2020	BRIDGEPOINT	KEREIS	FRANCE	Brokerage
04/2019	21 INVEST	FMA GROUP (FMA ASSURANCES)	FRANCE	Brokerage
01/2019	CVC	APRIL	FRANCE	Brokerage
02/2018	ARDIAN	INDEXIA / GROUPE SFAM	FRANCE	Brokerage

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

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

Press release: view release

Target: cafpi

Acquirer: blackfin capital