JULIA ASSURANCE acquired by SANTIANE
Context
The acquisition of Julia Assurance by Santiane marks a strategic move by the latter to diversify its services and expand its market footprint. By partnering with Julia Assurance, Santiane aims to strengthen its position in the French insurance market and capitalize on the growing demand for loan insurance. The deal is part of Santiane's external growth operation, which involves acquiring and integrating complementary businesses to enhance its offerings and increase its market share. The acquisition is expected to generate synergies and accelerate growth, with the two companies pooling their resources and expertise to create a market leader. The deal is financed by a combination of capital and debt, with LGT Capital Partners and Tikehau providing financing support. The transaction is a key component of Santiane's investment thesis, which relies on identifying and acquiring strategic assets to drive growth and expansion.
JULIA ASSURANCE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.1x).
Note that 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
Julia Assurance is a dynamic and innovative assurtech company specializing in health and loan insurance. Founded in 2020 by four friends with several years of experience in the insurance industry, the company aims to provide personalized and adapted insurance solutions to its clients. With a team of qualified advisors, Julia Assurance offers a range of services, including consulting and guidance in choosing the best insurance options. The company has experienced rapid growth, with over 15,000 clients in France and its overseas territories, and a team of 30 expert advisors. Julia Assurance's business model is based on building trust, proximity, and personalization in its relationships with clients, with the primary objective of providing exceptional customer service and tailored insurance products. The company has expanded its services to include loan insurance brokerage and has established partnerships with various insurance providers.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 0M - 5M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: julia assurance
Acquirer: santiane