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01/2022

SPARTFIN (PARTNERS FINANCE) acquired by BRIDGEPOINT

FRANCE Specialty Finance / Specialized Lending / Consumer Credit EV 500M - 1.5b EUR

Context

Bridgepoint has acquired a majority stake in Spartfin from Groupe Mentor. This primary LBO follows a competitive auction process managed by Rothschild & Co, where Bridgepoint prevailed over other major sponsors including Eurazeo. As part of the transaction, the founder’s holding, Groupe Mentor, will reinvest alongside Bridgepoint to maintain a minority stake in the new structure. The strategic rationale for the deal is centered on the immediate creation of a massive financial services platform. Upon closing, Spartfin will absorb the credit brokerage activities of Kereis (formerly CEP), another major asset in Bridgepoint’s portfolio. This merger will combine Spartfin’s digital lead-generation prowess with Kereis’s established brokerage infrastructure, creating a multi-product leader in French personal finance. The synergy between the two entities is expected to significantly lower acquisition costs and expand the product offering across the credit and insurance brokerage spectrum. For Spartfin, the partnership provides the institutional backing and capital necessary to scale its digital model and consolidate its dominant market share in the French "regroupement de crédits" landscape.

SPARTFIN (PARTNERS FINANCE), 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

Spartfin is a dominant leader in the French debt consolidation market. Operating through a portfolio of recognized brands including Partners Finance, Credistor, Greeniz, and Credissima, the group acts as a specialized intermediary between individual borrowers and banking institutions. Spartfin’s business model is built on high-performance digital lead generation and customer acquisition, utilizing proprietary algorithms and data-driven marketing to capture demand. Its market position is so significant that it is considered a price-maker for lead costs in the French brokerage sector. The company’s strategy focuses on simplifying the debt restructuring process for consumers, offering digital-first tools for credit assessment and file management. By centralizing high volumes of credit restructuring requests, Spartfin provides banks with qualified deal flow while offering borrowers optimized financial structures to reduce their monthly debt burdens.

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: 150M - 250M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPARTFIN (PARTNERS FINANCE) by BRIDGEPOINT 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: bridgepoint