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01/2017

GROUPE FINIZY (MEILLEURTAUX) acquired by GOLDMAN SACHS

FRANCE Brokerage EV 300M - 700M EUR

Context

Goldman Sachs acquired a majority stake in Meilleurtaux, winning a competitive auction process managed by Rothschild & Cie. The seller, Equistone Partners Europe, realized a massive exit after acquiring the asset from BPCE in 2013. The transaction is financed by a debt package (TLA + TLB) representing roughly 4.0x EBITDA, a moderate leverage level designed to leave room for future external growth. The management team remains in place to pursue an aggressive build-up strategy.

GROUPE FINIZY (MEILLEURTAUX), which reported an EBITDA margin of LOGIN in 2016, 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.

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Target

Meilleurtaux is the leading French digital marketplace for financial services. Originally a pure mortgage broker, the group successfully diversified under previous ownerships into borrower insurance (Assurea), financial information (MoneyVox/cBanque), and savings (MonFinancier). At the time of the deal, mortgage brokerage represented only ~20% of revenue, positioning the group as a diversified FinTech.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2016
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2015
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Other operations with GROUPE FINIZY (MEILLEURTAUX)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
03/2021GROUPE FINIZY (MEILLEURTAUX)ACTIVE ASSURANCESFRANCEBrokerage

Meilleurtaux acquired 100% of Active Assurances, enabling the exit of financial sponsors Activa Capital and Bpifrance, as well as the founding management team. This strategic acquisition marks a shift in Meilleurtaux's business model: previously a simple comparator (lead generator) in auto/health insurance, the group now becomes a full-stack broker capable of selling, issuing, and managing contracts directly. The deal also strengthens its B2B wholesale brokerage capabilities through Active Assurances' subsidiary, Wazari.

07/2020SILVER LAKEGROUPE FINIZY (MEILLEURTAUX)FRANCEBrokerage

Silver Lake acquired a majority stake (~70%) in Groupe Finizy (Meilleurtaux) from Goldman Sachs Private Equity. The transaction was executed outside of a formal auction process, pre-empting a sale that was initially planned for March 2020 but halted due to the COVID-19 lockdown. The management team, holding ~30%, reinvested in the new structure. A governance transition occurred simultaneously. The deal was initially equity-funded by Silver Lake.

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M 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 GROUPE FINIZY (MEILLEURTAUX) by GOLDMAN SACHS 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: goldman sachs