Groupe Premium sold to Montefiore Investment

Montefiore Investment acquires Groupe Premium, with Arca Patrimoine becoming Predictis

Leading French provider of wealth management solutions, retirement savings and pension plans, Groupe Premium, along with all its subsidiaries, are seeing the recomposition of their capital, to be shared between management (around 30%) and Montefiore Investment, the French real estate market, SME and mid-market services specialist (around 70%).

As part of this recomposition, Arca Patrimoine becomes Predictis in order to deploy its activity more widely. Predictis intervenes in the fields of Property (Savings and Real Estate), Retirement and Provident. This rebranding initiative will allow Predictis to develop its expertise by offering personalized and comprehensive advice to its customers through a wide range of products designed in collaboration with choice partners such as Swiss Life or Aviva.

With more than 300 employees and independent agents,Groupe Premium offers a complete range of solutions for private individuals and professionals in wealth and insurance. It has a turnover of more than 25 million euros in 2017 and has been growing steadily for several years.

Olivier Farouz, who takes over the presidency of Groupe Premium and becomes CEO of Predictis, comments: "I am particularly pleased that Montefiore Investment is joining Groupe Premium. Eric Bismuth and his teams have proven both a great professionalism, but especially pragmatism and a great capacity for adaptation. This is a major asset in supporting our ambitious project, particularly in terms of external growth. The Group's employees were waiting for something new, daring, and this created a real release of energies ".

Eric Bismuth, President of Montefiore Investment, adds: "Premium Group is a strong, well-performing asset management group with a strong position in its markets. As a result, it fits perfectly with our Focus & Growth strategy and we intend to support the organic and external growth strategy."