Non-public fairness agency Creation has initiated unique negotiations for the acquisition of Kereis, a multi-channel insurance coverage brokerage in Europe, from non-public asset investor Bridgepoint.
Phrases of the potential deal stay undisclosed at this stage.
The proposed acquisition is contingent on regulatory clearance and consultations with workers.
Arrange in 1991 with its headquarters in Paris, Kereis specialises in offering insurance coverage broking providers to insurers and banking companions.
Kereis holds experience in housing safety in France, overseeing greater than 17 million contracts and supported by a workforce of greater than 1,700 throughout seven European nations.
Kereis CEO Philippe Gravier acknowledged: “This undertaking opens a promising new chapter for Kereis, after 5 years of a profitable partnership with Bridgepoint.
“We sit up for working carefully with Creation as we proceed to take a position for the long run in our digital capabilities, broaden into new markets, and ship modern options to our companions and shoppers throughout Western Europe.”
Following the Bridgepoint partnering in 2020, Kereis has achieved a two-fold improve in income and has diversified into areas of company threat, well being, and property and casualty (P&C) insurance coverage.
The corporate’s development and worldwide attain have been considerably bolstered via mergers and acquisitions over the past three years.
Creation director Hadrien de Bardies stated: “Our potential funding in Kereis builds on Creation’s long-standing observe report in monetary providers. We are going to leverage our world community and operational sources to assist Kereis scale additional, broaden its product providing, and strengthen its management place within the European market.”
Creation’s portfolio within the insurance coverage sector contains investments in CCC Clever Options and Shift Expertise.
It additionally has historical past in France, stretching over 25 years and encompassing 15 platform offers with latest investments embrace Parfums de Marly – INITIO in 2023 and Mangopay in 2022.
