At what enterprise value was GROUPE LEADER INSURANCE acquired in 2025?

During the acquisition of GROUPE LEADER INSURANCE by ARDONAGH in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was GROUPE LEADER INSURANCE acquired by ARDONAGH?

GROUPE LEADER INSURANCE was acquired by ARDONAGH in 2025.

What was the revenue of GROUPE LEADER INSURANCE at the time of the deal?

The revenue of GROUPE LEADER INSURANCE at the time of the deal is estimated to be in the range of 50M - 100M EUR.

How is the data for the GROUPE LEADER INSURANCE 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 GROUPE LEADER INSURANCE 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://groupe-leaderinsurance.com/fronts/pdf/presse/cfnews-leader-insurance-souscrit-a-la-these-d-un-geant-britannique.pdf

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Home Database Financial ServicesGROUPE LEADER INSURANCE

09/2025

GROUPE LEADER INSURANCE acquired by ARDONAGH

FRANCE Brokerage EV 300M - 700M EUR

Context

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.

It is worth noting that the fund Abenex took control of Groupe Leader Insurance through an LBO in 2021.

GROUPE LEADER INSURANCE, which reported an EBITDA margin of in 2024, 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 (10.7x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

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2024

2023

Other operations with GROUPE LEADER INSURANCE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2021	ABENEX	GROUPE LEADER INSURANCE	FRANCE	Brokerage

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE LEADER INSURANCE by ARDONAGH 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: ardonagh