UGIP ASSURANCES acquired by SANTIANE
Context
The acquisition of UGIP Assurances by Santiane marks a significant step in the latter's strategy of growth and diversification in the French insurance market. Through this transaction, Santiane aims to expand its market footprint and enhance its product offerings, leveraging UGIP Assurances' expertise in wholesale insurance broking and its network of partner brokers. The deal is expected to generate significant synergies, enabling Santiane to accelerate its growth and consolidate its position as a leader in the French insurance market. The investment thesis relies on the potential for UGIP Assurances to contribute to Santiane's revenue growth and profitability, while also enhancing its market position and competitiveness. By partnering with UGIP Assurances, Santiane intends to build a leading player in the French insurance market, with a strong focus on customer satisfaction and innovation.
UGIP ASSURANCES, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Financial Services sector (12.4x).
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Target
UGIP Assurances is a French wholesale insurance broker specializing in life and health insurance products for individuals and professionals. Founded in 1974 by a group of independent entrepreneurs, the company has evolved to become a leading provider of insurance solutions for its partners and clients. With a strong focus on customer service and expertise, UGIP Assurances has developed a range of products and services tailored to the needs of its clients, including assurance emprunteur, assurance prévoyance, and assurance santé. The company's business model is built around its ability to design, distribute, and manage insurance products for its clients, leveraging its network of over 3,000 partner brokers and 100,000 adherents. UGIP Assurances' commitment to quality and customer satisfaction has enabled it to maintain a strong market position in the French insurance market, with a revenue of 17 million euros and a team of 45 expert collaborators.
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REFERENCES
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M 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: ugip assurances
Acquirer: santiane