Eurazeo, via its Eurazeo PME subsidiary, has signed an exclusivity agreement under which it would invest, as a majority shareholder, alongside Groupe Premium’s current shareholders – Montefiore Investment, Groupe Premium’s management including Olivier Farouz, Laurent and Didier Zerbib, Benoît Jauvert and other key executives, together with independent agent partners
The transaction would value Groupe Premium at EUR290 million and Eurazeo PME’s investment should be around EUR100 million, depending on the level of reinvestment by current shareholders.
Groupe Premium was founded in 2000 and is France’s leading independent broker for life insurance and retirement savings solutions aimed at the “mass affluent” segment, the fastest-growing part of the market. Through its Predictis and Capfinances brands, Groupe Premium is the largest independent distributor for leading insurers – Swiss Life, Aviva and Groupama Gan Vie – in terms of quality inflows collection.
Source: Private Equity Wire
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