Announced
Financials
Tags
Private
Cross Border
Full Line Insurance
Majority
France
insurance services
Single Bidder
Acquisition
Private Equity
Friendly
Pending
Synopsis
BlackFin Capital Partners, a private equity firm, agreed to acquire Cetim, a provider of insurance services, form APRIL Group, a provider of insurance services. Financial terms were not disclosed. "I am delighted with this rapprochement and see it as an opportunity to perpetuate our model in the service of our customers." The project proposed by GFP Gestion is the one that, from an industrial point of view and values, corresponds best to CETIM, in particular to continue to grow us by completing our offers and allowing us to offer our customers the best of both worlds in terms of process and quality of service," Pierre LEO, CETIM General Manager.
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