Benefit Street Partners (formerly Alcentra) has announced the sale of its majority stake in Entoria to the European investment group HLD, alongside the company’s management team and employees.

Founded in 2001, Entoria has established itself as the second‑largest player in the French wholesale insurance brokerage market for both life & health and P&C insurance. Today, the wholesaler brings together a network of 9,000 partner brokers, employs 350 people, and generates €130 million in revenues.

As of the end of 2025, Entoria manages nearly €400 million in insurance premiums. Its historical positioning is rooted in social protection for self‑employed professionals, group insurance for small and medium-sized companies, and construction insurance. Entoria has undergone a major transformation. After Benefit Street Partners became a shareholder, and Fabrice Jollois was appointed as the leader of a new management team, the company implemented a comprehensive organisational overhaul, supported by an ambitious digital transformation. This initiative has delivered tangible results, reflected in sustained organic growth and an expanded network of active partner brokers.

The entry of HLD into the shareholding marks the start of a new development cycle. Alongside management and employees, HLD will support Entoria strategically, operationally, and financially to accelerate its growth trajectory. Priority areas will include further digitalisation, strengthening the partner broker network, and broadening the offering in life & P&C insurance.