Equistone takes majority stake in Finaxy
Context
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.
By taking control of Finaxy, Equistone continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Mademoiselle Desserts in 2013.
Finaxy, which reported an EBITDA margin of [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of [members only].
-> 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.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Finaxy
Other operations with Equistone
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2019 | EQUISTONE / SAGARD | VULCAIN INGENIERIE | FRANCE | Engineering & Consulting |
| 02/2019 | EQUISTONE | COURIR | FRANCE | Sport |
| 04/2018 | EQUISTONE | KARAVEL | FRANCE | Tour Operators |
| 07/2017 | EQUISTONE | GROUPE BRUNEAU | FRANCE | Office Supplies & Furniture |
| 07/2016 | EQUISTONE / GEI | ADISTA | FRANCE | MSP (Managed Services) |
| 01/2016 | EQUISTONE | NOVARES | FRANCE | Auto Parts & Systems |
| 12/2015 | EQUISTONE | SICAME | FRANCE | Electrical Equipment |
| 11/2013 | EQUISTONE | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 09/2013 | EQUISTONE | CHARLES & ALICE | FRANCE | Food Products |
| 08/2010 | EQUISTONE | MPS MEAT PROCESSING SYSTEMS | NETHERLANDS | Food & Beverage Lines |
Similar deals in Brokerage
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2021 | GROUPE FINIZY (MEILLEURTAUX) | ACTIVE ASSURANCES | FRANCE | Brokerage |
| 10/2020 | LATOUR CAPITAL | SANTIANE | FRANCE | Brokerage |
| 07/2020 | SILVER LAKE | GROUPE FINIZY (MEILLEURTAUX) | FRANCE | Brokerage |
| 07/2020 | ARDIAN | FINAXY | 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 |
| 01/2017 | GOLDMAN SACHS | GROUPE FINIZY (MEILLEURTAUX) | FRANCE | Brokerage |
| 02/2015 | ARDIAN | SIACI SAINT-HONORE | FRANCE | Brokerage |
REFERENCES
Revenue range: REV €10–30M
EBITDA range: €5–25M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Finaxy by Equistone 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.
FAQ
What transaction does this page cover?
What were Finaxy’s revenue and EBITDA at the time of the deal?
What sources support the information on this transaction?
What is mynth?