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07/2020

GROUPE FINIZY (MEILLEURTAUX) acquired by SILVER LAKE

FRANCE Brokerage EV 500M - 1.5b EUR

Context

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.

It is worth noting that the fund Goldman Sachs took control of Groupe Finizy through an LBO in 2017.

GROUPE FINIZY (MEILLEURTAUX), which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.2x).

-> Deep-dive in Financial Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
2018

Other operations with GROUPE FINIZY (MEILLEURTAUX)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2021GROUPE FINIZY (MEILLEURTAUX)ACTIVE ASSURANCESFRANCEBrokerage
01/2017GOLDMAN SACHSGROUPE FINIZY (MEILLEURTAUX)FRANCEBrokerage

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 150M - 250M EUR

EBITDA range: 25M - 50M 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 SILVER LAKE 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: silver lake