At what enterprise value was INDEXIA / GROUPE SFAM acquired in 2018?

During the acquisition of INDEXIA / GROUPE SFAM by ARDIAN in 2018, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

When was INDEXIA / GROUPE SFAM acquired by ARDIAN?

INDEXIA / GROUPE SFAM was acquired by ARDIAN in 2018.

What was the revenue of INDEXIA / GROUPE SFAM at the time of the deal?

The revenue of INDEXIA / GROUPE SFAM at the time of the deal is estimated to be in the range of 450M - 900M EUR.

How is the data for the INDEXIA / GROUPE SFAM 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 INDEXIA / GROUPE SFAM 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://www.ardian.com/fr/communiques-de-presse/ardian-prend-une-participation-minoritaire-dans-le-groupe-sfam

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.4x.

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Home Database Financial ServicesINDEXIA / GROUPE SFAM

02/2018

INDEXIA / GROUPE SFAM acquired by ARDIAN

FRANCE Brokerage EV 1b - 4b EUR

Context

Ardian took a minority stake in SFAM to accelerate its international expansion and product diversification. The transaction involved a bond issuance subscribed by ICG. Winch Capital 3 (Edmond de Rothschild Investment Partners), a shareholder since 2016, sold part of its stake but remains an investor. Founder Sadri Fegaier retains control. The strategic roadmap includes launching "Hubside" (a new web service) and expanding operations into Portugal, the Netherlands, and Italy.

INDEXIA / GROUPE SFAM, which reported an EBITDA margin of in 2018, 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 (12.4x).

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Target

Founded in 1999, Indexia (previously SFAM) is a leading European affinity insurance broker. It specializes in premium insurance solutions and services for mobile phones, multimedia products, and high-tech devices. The group manages over 4 million customers and 2,500 partners across Europe.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

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2018

2017

Similar deals in Brokerage

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07/2020	ARDIAN	FINAXY	FRANCE	Brokerage
05/2020	BRIDGEPOINT	KEREIS	FRANCE	Brokerage
04/2019	21 INVEST	FMA GROUP (FMA ASSURANCES)	FRANCE	Brokerage
01/2019	CVC	APRIL	FRANCE	Brokerage
01/2017	GOLDMAN SACHS	GROUPE FINIZY (MEILLEURTAUX)	FRANCE	Brokerage
02/2015	ARDIAN	SIACI SAINT-HONORE	FRANCE	Brokerage
04/2014	EQUISTONE	FINAXY	FRANCE	Brokerage

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INDEXIA / GROUPE SFAM by ARDIAN 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.

Press release: view release

Acquirer: ardian