Portfolio news Ascentiel Groupe

Through a wholesale network of 5,000 brokers in France, Eurodommages currently distributes and manages 35,000 policies in non-standard motor and professional lines (including construction, professional liability and motor fleets). Eurodommages operates with full binding authority from its tier 1 insurance and reinsurance partners, and its expertise covers the entire value chain from pricing to claims management (including bodily injury claims).

The acquisition will create a French leader in the distribution of specialty motor insurance for non-standard risk profiles and further strengthen Ascentiel's existing presence in professional lines. It also marks an important first step in the execution of Ascentiel’s growth strategy, creating a specialty brokerage platform with an even more diversified distribution set-up and a potential for replicability abroad.

Julien Ben Lahcen, CEO of Ascentiel comments: "This acquisition marks an important milestone in our ambition to become a European clear leader in specialty motor insurance, while strengthening our position in high-value B2B specialty lines. We look forward to partnering with Yann and his team, as this acquisition will open up numerous new opportunities to consolidate our leadership in France and expand internationally.”

Yann Drévillon, CEO of Eurodommages added: "We are excited to join forces with Ascentiel. Our complementary expertise creates a strong strategic fit and by combining our strengths we will create a broader and even more robust platform to better serve clients in complex specialty insurance segments. I would like to thank Qualium for their support since 2018.”

About Ascentiel Groupe

Founded in 1970, Ascentiel Groupe ("Ascentiel") has evolved into a premier insurance brokerage group, encompassing eight distinct brands, catering to both individual and professional insurance markets. Ascentiel offers a comprehensive suite of insurance solutions, ranging from motor, home and pet coverage for individuals to specialized products for commercial clients, including inherent defects coverage for construction professionals and insurance for commercial vehicle fleets. Operating under delegated authorities, Ascentiel manages all aspects of policy lifecycle, from underwriting to claims management, ensuring top-tier service and compliance. For more information, visit ascentiel-groupe.com

About Eurodommages

Founded in 1995 and based in Bordeaux, Eurodommages is a French wholesale Managing General Agent (MGA) specializing in non-standard motor insurance and professional lines. With full binding and delegation authority from insurers, Eurodommages oversees the entire insurance value chain—from product design and underwriting to policy administration and claims management (including bodily injury claims). For more information, visit www.eurodommages.fr

About Cobepa

Cobepa is an independent, privately held investment company with offices in Brussels and New York. Cobepa manages a diverse portfolio of private equity investments representing approximately €5.1 billion of equity capital. Cobepa invests in leading companies with superior business models, sustainable market positions and leading management teams. For more information, visit www.cobepa.com

About Amundi Real Assets & Alternatives

Amundi Real Assets & Alternatives brings together a complete range of capabilities in real estate, private debt, private equity, infrastructure, multi-management and alternatives. Drawing on decades of experience in private markets, Amundi facilitates access to real assets for institutional and retail investors through innovative investment solutions. With €71 billion in assets under management (as at 30/09/2024), Amundi Real Assets & Alternatives relies on around 330 professionals based in our main investment hubs in Paris, London, Milan, Luxembourg, Barcelona, Madrid, Zurich and Dublin.

 Buy-side Advisors

• M&A: Rothschild & Co (Philippe Dubois de Montreynaud, Baptiste Sander, Philippine Deguy)
• Legal, Tax & Labour due diligence, and Buyer legal advisor: Delaby Dorison (Emmanuel Delaby, Clément Martin, Bruno Dias), and Valoren (Christine Le Breton, Virginie Lockwood, Capucine Mesas, Marion Pierre, Antoine de Bonnières)
• Financial due diligence: PwC (Hervé Demoy, Amine Mimita, Jules Passemard)

Sell-side Advisors:

• M&A: Cambon Partners (Guillaume Eymar, Marius Didier, Thomas de Villeplée)
• Financial due diligence: PwC (Céline Appel, Louis Viviani, Théo Lahousse, Rayanne Manfoumby, Allan Berthomé)
• Legal, Tax & Labour due diligence: PwC (Eric Hickel, Aurélie Cluzel-d’Andlau, Caroline Chaize-Lang)
• Seller legal advisor: Willkie Farr & Gallagher LLP (Gabriel Flandin, Tala Ayoub, Yacine Maamri, Kevin Lyonnet)
• Management legal advisor: Proskauer (Xavier Norlain, Aymeric Robine)