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Announced

Completed

IK Investment Partners completed the acquisition of LSA Courtage from BlackFin.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

insurance brokerage platform

Majority

Insurance Brokers

Private

Single Bidder

Acquisition

France

Disposal

Private Equity

Completed

Synopsis

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IK Investment Partners, a Pan-European private equity firm, completed the acquisition of LSA Courtage, an online insurance brokerage platform, from BlackFin, a sector-focused private equity manager, for £80m. "We have been impressed by LSA’s remarkable track record of growth and the quality of the management team. Having carved a profitable segment of non-standard automotive risks, the Company stands to benefit by applying its digital model to other underserved segments of the market. We look forward to working with Bertrand to develop a platform for further growth," Arnaud Bosc, IK Partner.

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