Odealim lbo with TA Associates

TA Associates acquires Eurazeo's stake in the leading French insurance broker

With Eurazeo PME as its majority shareholder, Odealim has consolidated its leading position with five acquisitions, including InterAssurances, Jacques Boulard and Insor. These transactions have resulted in the expansion of the group’s customer base and product offering while strengthening its geographic positioning in the greater Paris area and the Provence-Alpes-Côte d'Azur region and expanding to new territories, including Lyon. Over the past two years, the company has also sped up its digital transformation with the creation of a Web offering and the forthcoming launch of an innovative and powerful management space for its customers.

Completed in partnership with Odealim’s management team, whose ownership will be further strengthened in the transaction, and founders, this transaction will enable the company to pursue the growth strategy it began in 2016, accelerating its development with the support of TA Associates' teams and network.

Pierre Meignen, Managing Director and Member of Eurazeo PME’s Management Board, declared: “We are very proud to have helped with the restructuring and development of the Odealim group. Thanks to the quality of its people, its digital transformation, and its targeted acquisitions, Odealim is now ideally positioned to continue its growth alongside TA Associates.”

Xavier Saubestre, Chairman of Odealim: “I would like to thank the teams of Eurazeo PME for their valuable support and especially for their expertise in external growth strategies. Over the past two years, we have strengthened our position as a broker specialising in real estate insurance products and we now have a solid base to accelerate our expansion. We are very pleased to continue our development alongside TA Associates, which has extensive experience in supporting growth initiatives, especially in the world of financial services.”

Patrick Sader, Managing Director – TA Associates: “Thanks to the quality of its offering and services, Odealim is now the leading insurance broker specialized in real estate products. We are delighted to take over from Eurazeo PME and work with Odealim’s founders and management team to further accelerate the company’s development, both organically and via acquisitions. Our investment in Odealim is in line with our strategy of partnering with France’s best financial services firms.”

Eurazeo PME purchased AssurCopro in July 2016, working with founders Olivier Scemama and Vincent Mancel and the company’s management team. The transaction should be finalized in October 2018, once the preliminary operations have been completed. Eurazeo PME’s proceeds from the sale should be twice its initial investment.