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New Deal


Announced

BlackFin Capital Partners and GFP Gestion to acquire Cetim form APRIL Group.

Financials

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

Tags

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Private

Cross Border

Full Line Insurance

Majority

France

insurance services

Single Bidder

Acquisition

Private Equity

Friendly

Pending

Synopsis

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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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