Announced
Financials
Tags
Insurance Brokers
Pending
France
Private
Private Equity
Minority
online insurance broker
Acquisition
Friendly
Single Bidder
Synopsis
Qualium, a private equity fund, agreed to invest in Magnolia Web Assurances, an online insurance brokerage company. Financial terms were not disclosed. "We were seduced by the admirable management of Magnolia, its record track, its entrepreneurial approach and its visionary spirit. The management team led by Gérald Loobuyck has remarkably developed Magnolia these last years. We are happy to join forces to accelerate the development of the group," Jean Eichenlaub, Qualium President.
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