GROUPE LEADER INSURANCE acquired by ARDONAGH
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 [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Financial Services sector (12.3x).
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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
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with GROUPE LEADER INSURANCE
Other operations with GROUPE LEADER INSURANCE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2021 | ABENEX | GROUPE LEADER INSURANCE | FRANCE | Brokerage |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €50–100M
EV/Revenue range: 2x - 6x
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