- PRESENTATION -
Paris, October 2nd, 2018 : Eurazeo PME announces the sale of Odealim (formerly AssurCopro) to TA Associates.
Eurazeo PME, Eurazeo’s division specialising in medium-sized companies, announces the effective sale of Odealim Group, the leading French insurance brokerage firm for real estate professionals, to the American investment firm TA Associates. Eurazeo PME purchased AssurCopro in July 2016, working with founders Olivier Scemama and Vincent Mancel and the company’s management team. The transaction should be finalised in October 2018, once the preliminary operations have been completed. Eurazeo PME’s proceeds from the sale are expected to be around double its initial investment.
With Eurazeo PME as its majority shareholder, Odealim has consolidated its leading position with five acquisitions, including InterAssurances, Jacques Boulard and Insor. These transactions have resulted in the expansion of the group’s customer base and product offering while strengthening its geographic positioning in the greater Paris area and the Provence-Alpes-Côte d’Azur region and expanding to new territories, including Lyon. Over the past two years, the company has also sped up its digital transformation with the creation of a Web offering and the forthcoming launch of an innovative and powerful management space for its customers.
Concluded in partnership with Odealim’s management team, who are contributing to the capital, and founders, this transaction will enable the company to pursue the growth strategy it began in 2016, accelerating its development with the support of TA Associates’ teams and network.