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M&A

ENTORIA

Acquired by

HLD

FRANCE Brokerage EV [100m EUR - 500m EUR] 01/2026

Target

ENTORIA

Acquirer

HLD

Context

HLD acquired a majority stake in Entoria. After years of turbulence under previous owners, the deal aims to stabilize the broker and leverage its strong position in the growing market of self-employed insurance. The transaction was financed by a unitranche debt from Eurazeo with a leverage below 4x EBITDA.

ENTORIA, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 14.0x average currently observed in the Financial Services sector.

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

A leading French wholesale insurance broker specializing in health and life protection (prevoyance) for self-employed professionals (TNS) and SMEs. Entoria manages a vast network of partner brokers and provides outsourced underwriting and management services.

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
2025
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2024
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Other operations with ENTORIA

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.