Thu 11/12/2020 08:24 AM
Share this article:
Crédit Industriel et Commercial, or CIC, and Crédit Agricole have provided a term loan amounting to nearly €50 million to support Ardian’s acquisition of French B2B and B2C insurance broker Finaxy, sources told Reorg. Leverage level was 4.5x, the sources added. Continue reading for the EMEA Middle Market team's coverage of Finaxy, and request a trial to access reporting and analysis on hundreds of other credits.

Ardian declined to comment. CIC and CA did not respond to Reorg’s request to comment.

Ardian bought Finaxy from Equistone Partners in July, as reported. The secondary buyout is valued at about €160 million, or 15x EBITDA, according to French media.

--Kerstin Kubanek
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2020 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!