At what enterprise value was FINAXY acquired in 2024?

During the acquisition of FINAXY by CINVEN in 2024, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 13.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FINAXY when it was acquired by CINVEN?

The estimated EV/EBITDA multiple for FINAXY is in the range of 15x - 25x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.9x. Join our community for free to access full valuation data and industry trends.

When was FINAXY acquired by CINVEN?

FINAXY was acquired by CINVEN in 2024.

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

The revenue of FINAXY at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FINAXY during the acquisition?

FINAXY's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FINAXY 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 FINAXY 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.cfnews.net/Les-alertes-de-CFNEWS/Finaxy-s-assure-un-LBO-ter-496562

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Home Database Financial ServicesFINAXY

09/2024

FINAXY acquired by CINVEN

FRANCE Brokerage EV 300M - 700M EUR

Context

Cinven preemptively acquired a 54% majority stake in Finaxy Group from Ardian Expansion. The transaction marks a "LBO Ter," where the founder and his management team significantly reinvested to pursue a new growth phase focused on international expansion. Following a successful four-year cycle where EBITDA nearly tripled, the new strategy aims to replicate Finaxy's French consolidation success in neighboring European countries. The deal maintains the existing unitranche debt provided by Barings, ensuring financial flexibility for continued external growth in specialized risks and mid-cap services.

Historically, the company has undergone several LBOs, notably led by Equistone in 2014 and Ardian in 2020. These multiple LBO cycles illustrate the strong interest in this type of asset.

FINAXY, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (13.9x).

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.

-> Deep-dive in Financial Services market trends

Target

Founded in 2009, Finaxy Group has rapidly ascended to become the 10th largest multi-specialist insurance broker in France, managing nearly EUR100 million in commissions with a robust 30% profitability margin. The group operates through three strategic pillars: a B2B division serving SMEs and mid-caps, a B2C division focused on high-growth luxury and affinity niches (such as prestige cars and pet insurance), and a dedicated partnerships division with major bancassurers.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2020	ARDIAN	FINAXY	FRANCE	Brokerage	Ardian acquired a majority stake in Finaxy from Equistone Partners Europe, which had owned the group since 2014. The transaction was valued at an Enterprise Value of €160 million, representing an aggressive multiple of approximately 14.5x EBITDA. To secure the asset in a competitive process managed by Lazard, Ardian submitted a preemptive offer that outpaced other finalists such as Parquest Capital and Abénex. The transaction is financed by a senior debt package provided by a pool of banks, representing approximately 5.0x EBITDA. Founder and CEO Erick Berville remains at the helm, maintaining a significant equity stake to drive the next phase of consolidation and organic growth.
04/2014	EQUISTONE	FINAXY	FRANCE	Brokerage	Equistone Partners Europe acquired a majority stake in Finaxy Group (c.80%), replacing the founding family office. The transaction values the group between €50 million and €100 million. Notably, the initial acquisition was reportedly completed without the use of debt, providing a clean balance sheet to fund an ambitious consolidation plan. The founder remains the CEO and a significant shareholder. The primary objective of this partnership is to double the group's revenue by targeting larger independent brokers with EBITDA margins exceeding 20–25%. This deal marks a shift in Finaxy's scale, moving from small tactical acquisitions to transformative industrial mergers within the fragmented French insurance brokerage landscape.

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FINAXY by CINVEN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: cinven