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CIPRÉS Assurance, a company supported by Apax Partners, finalises the acquisition of AXELLIANCE Groupe

Paris (France), 29 August 2018 – Following validation by the Competition Authority and the positive opinion of the two employee representative bodies, CIPRÉS Assurances has finalised the acquisition of 100% of the share capital of AXELLIANCE Groupe, a direct and wholesale insurance broker for self-employed people.

Coming one year after Apax Partners invested in CIPRÉS Assurances, this acquisition is a major step in the latter’s business development strategy. CIPRÉS Assurances aims to become the preferred insurer for French entrepreneurs in the near term.

The newly-combined CIPRÉS Assurances / AXELLIANCE entity is stepping up its growth by optimising its range of solutions for professionals both in life & health and property & casualty insurance, and by extending its presence throughout France. It will also strengthen AXELLIANCE’s positioning vis-à-vis its large account customers by making an array of dedicated products and services available to them.

  • 15th largest French insurance broker
  • 2nd largest wholesale broker
  • €130 million revenue in 2017
  • 7,000 partner brokers
  • 500 employees
  • €500 million in the portfolio
    (Life & health and property & casualty)

About Apax Partners
www.apax.fr
@ApaxPartners_Fr
Apax Partners is a leading private equity firm in Europe based in Paris. With more than 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.

Contact
Coralie Cornet
Communication Director
+ 33 1 53 65 01 35
coralie.cornet@apax.fr

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