ODEALIM acquired by ARDIAN
Context
Ardian won a competitive auction process (beating HG Capital and Cinven) to join TA Associates in a co-control consortium. Both sponsors hold equal stakes and governance rights. The transaction was financed via an unitranche debt provided by Arcmont. Under TA Associates' ownership since 2018, the group increased its revenue fivefold. The new strategic plan aims to triple the company's size through 10% annual organic growth and an aggressive M&A strategy targeting new verticals (commercial real estate, construction) and geographic expansion in France and potentially internationally.
ODEALIM, which reported an EBITDA margin of in 2021, 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
Odealim is a leading French broker specializing in insurance and financing for the real estate sector. Its services include multi-risk building insurance, unpaid rent guarantees, and mortgage insurance. The group has integrated digital capabilities through the acquisition of startups like Digital Insure and Cautioneo.
Ent. Value
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 50M - 100M 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.
Acquirer: ardian