KEREIS acquired by ADVENT INTERNATIONAL
Context
Advent International entered into exclusive negotiations to acquire Kereis from Bridgepoint. The transaction aimed to support the group's digital transformation and its expansion into new European markets and adjacent insurance products.
It is worth noting that the fund Bridgepoint took control of Kereis through an LBO in 2020.
KEREIS, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).
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Target
A European leader in the brokerage of individual protection insurance (especially loan insurance). Kereis provides digital and innovative solutions for banks, insurers, and credit institutions through its specialized subsidiaries.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 150M - 250M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: kereis
Acquirer: advent international