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M&A

GROUPE LEADER INSURANCE

Acquired by

ABENEX

FRANCE Brokerage EV [100m EUR - 500m EUR] 07/2021

Target

GROUPE LEADER INSURANCE

Acquirer

ABENEX

Context

Abenex acquired a majority stake in Leader Insurance, succeeding LT Capital. The deal valued the group at approx. The transaction aimed to support founder Yoann Chery in his ambitious "buy-and-build" strategy to diversify into health, protection, and new geographic markets (DROM-COM).

This transaction is part of the Financial Services industry, which currently tracks an average EBITDA multiple of 14.0x since the beginning of 2026, 5.3% decrease compared to 2025. 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

A French multi-specialist insurance broker and wholesaler, leader in the decennial liability insurance market for SMEs and artisans. The group operates through a direct retail network (25+ agencies) and a wholesale branch (Leader Souscription) serving over 4,000 partner brokers.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
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2020
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Other operations with GROUPE LEADER INSURANCE

DateAcquirerTargetCountrySectorDeal Context
09/2025ARDONAGHGROUPE LEADER INSURANCEFRANCEBrokerage

Ardonagh acquired 100% of Leader Insurance from Abenex for an enterprise value of EUR300M. This landmark transaction marks Ardonagh's first entry into the French market. The founder, Yoann Chery, will remain President of the French entity, reinvest a significant portion of his proceeds into Ardonagh Europe, and take charge of its French operations.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.