Ardian to invest in TA Associates-backed Odealim.

Ardian, a private investment house, agreed to invest $968m in TA Associates-backed Odealim, a provider of real estate insurance and financing services. Financial terms were not disclosed. “We have followed Odealim closely for several years and have been impressed by the development project led by Xavier Saubestre and Xavier Paturel. We are convinced of the company’s future growth prospects as the French leader in insurance and financing brokerage for real estate professionals. Odealim has demonstrated an impressive organic growth during this period and strong resilience throughout the Covid-19 pandemic, as well as in the current inflationary market context,” Yann Bak, Ardian Managing Director.