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.

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.