Groupe Premium lbo with Eurazeo

The leading broker for savings and pensions products welcomes Eurazeo to its capital

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 €290 million and Eurazeo PME's investment should be around 100 million euros, 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. The group also has an asset management company, Flornoy, which manages several SRIaccredited thematic funds.

Groupe Premium relies on an exceptional commercial network consisting of more than 600 independent agent partners, who cover an increasing proportion of France and offer clients a comprehensive approach to wealth management. The group generated €66.7 million of revenue in 2020, up 28.5% relative to 2019, despite the Covid-19 crisis. The shared ambition of Eurazeo PME, Montefiore Investment and the management team is to accelerate the group’s growth by continuing to expand its network and geographical coverage, by an active buy-and-build strategy with some targets already identified, and by supporting the group’s development in key areas such as digitalization, product offering diversification and CSR.