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New Deal


Announced

Completed

Crédit Agricole Assurance completed the acquisition of a 65% stake in Vera Assicurazioni and Vera Protezione from Banco BPM.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For65%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private Equity

Single Bidder

Friendly

Completed

Italy

insurance company

Insurance Brokers

Domestic

Majority

Private

Synopsis

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Crédit Agricole Assurance, a bank holding company, completed the acquisition of a 65% stake in Vera Assicurazioni and Vera Protezione, an insurance firm, from Banco BPM, an Italian bank. Financial terms were not disclosed.

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