When was FMA GROUP (FMA ASSURANCES) acquired by 21 INVEST?

FMA GROUP (FMA ASSURANCES) was acquired by 21 INVEST in 2019.

What was the revenue of FMA GROUP (FMA ASSURANCES) at the time of the deal?

The revenue of FMA GROUP (FMA ASSURANCES) at the time of the deal is estimated to be in the range of 10M - 30M EUR.

How is the data for the FMA GROUP (FMA ASSURANCES) 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 FMA GROUP (FMA ASSURANCES) 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.21invest.com/fr/21-invest-france-acquires-fma-assurances/

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04/2019

FMA GROUP (FMA ASSURANCES) acquired by 21 INVEST

FRANCE Brokerage REV 10M - 30M EUR

Context

21 Invest France acquired a majority stake in FMA Assurances, partnering with founder and President Ludovic Dumont who retains an equity position and continues to lead the business. The transaction was supported by EY's M&A department (Jean-Louis Duverney-Guichard) on the seller side. The investment thesis centres on strengthening FMA's position on its existing segments and accelerating growth through organic development and bolt-on acquisitions in new niche insurance markets.

FMA GROUP (FMA ASSURANCES), which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Financial Services sector (12.5x).

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Target

FMA Group is a French insurance broker originally specialised in two-wheeler insurance, which significantly diversified its offering through five bolt-on acquisitions during 21 Invest's ownership. The group expanded into health insurance, mobility insurance (via the acquisition of Auvray Security), and corporate insurance (via the acquisition of Ouest Assurance), transforming itself from a niche mono-line broker into a multi-specialty insurance brokerage platform.

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Historical Financials (EUR)

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Other operations with FMA GROUP (FMA ASSURANCES)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2026	SYNEX PERFORMANCE D'AFFAIRES	FMA GROUP (FMA ASSURANCES)	FRANCE	Brokerage

REFERENCES

Revenue 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 FMA GROUP (FMA ASSURANCES) by 21 INVEST 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: fma group (fma assurances)

Acquirer: 21 invest