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New Deal


Announced

Completed

CVC completed the acquisition of a majority stake in April from Evolem.

Financials

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Transaction Value£764m
Consideration TypeCash
Capital Owned-
Capital Bid For65%
EV/Sales-
EV/EBITDA-
Share Price Premium27%
One Off Charge-

Tags

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Public

Majority

insurance services

France

Full Line Insurance

Disposal

Private Equity

Completed

Friendly

Single Bidder

Privatisation

Acquisition

Synopsis

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CVC Capital Partners completed the acquisition of a majority stake in April, a French insurance company, from Evolem for $1bn. The transfer of the majority block would be carried out at a price of € 22 per APRIL share, entailing a 27.2% premium over the last closing price before the announcement of the offer on 28 December 2018.

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