Apax Partners acquired CIPRÉS Assurances from TA Associates.

Apax Partners, a leading private equity firm in France and Europe, acquired CIPRÉS Assurances, a wholesale broker/underwriter specialising in insurance of persons, from TA Associates. Financial terms were not disclosed. Monique COHEN, Partner at Apax Partners MidMarket commented, “CIPRÉS Assurances is one of the most important players in the sector. The role of Apax Partners, whose financial services expertise is well known, is to support the growth of outstanding companies like CIPRÉS Assurances. We are looking forward to working with Laurent OUAZANA, Sylvie LANGLOIS and their team. We share their ambition of making the company the leading insurer for French entrepreneurs. We will provide the company with the human and financial resources necessary to pursue the growth objectives.”