mynth
01/2022

ODEALIM acquired by ARDIAN

FRANCE Brokerage EV 500M - 1.5b EUR

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).

-> Deep-dive in Financial Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ODEALIM 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.

Acquirer: ardian