ENTORIA acquired by 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 [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Financial Services sector (12.3x).
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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
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €100–200M
EBITDA range: €25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ENTORIA by HLD 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.
Acquirer: hld