21 Invest France takes a majority stake in FMA Assurances alongside its Founder

April 23, 2019

FMA Assurances is a multi-specialist broker involved in the design, multichannel distribution and management of insurance products for individuals.
Founded 23 years ago, this independent player initially positioned in the two-wheeler segment has been diversifying towards complementary activities since the last 10 years, namely property and casualty insurance (four-wheelers, license-free cars, multi-risk home, animals, bicycles, e-bikes) and personal insurance (health & welfare).

Thanks to its unique know-how and mastery of the value chain, FMA Assurances offers its services to more than 100,000 clients primarily in BtoB via insurance professionals and in BtoBtoC through 1,900 active distributors among which Honda, Harley Davidson or BMW. FMA Assurances relies on partnership agreements signed with Tier-1 insurers or specialists, in particular Swiss Life, Allianz, Generali and historically La Parisienne.

Benefiting from the steady growth of the insurance market, the Group reached a turnover of 24 million euros in 2018 (+ 18% CAGR over the last three years) with strong resilience and solid profitability.

With the support of 21 Invest France, FMA Assurances intends to strengthen its position in its current segments and develop new niches through organic and external growth.

Ludovic Dumont, CEO & Founder of FMA Assurances declares: "We are very excited to start this new stage of development alongside 21 Invest France, Stéphane Perriquet and his team. We will rely on their expertise in supporting growth companies in niche markets as well as their proven experience of market consolidation to achieve our ambitions. This operation was carried out with the support of EY's M & A Dept. (Jean-Louis Duverney-Guichard) "
Stéphane Perriquet, Managing Partner at 21 Invest comments: "FMA Assurances has managed to establish itself as a key player in its market. Its robust organization, high innovation capacity and operational excellence give us all the keys to structure a new growth phase alongside the management team"

21 Invest France completes its management transition

Announced in 2017, the new governance is now effective and François Barbier becomes CEO of 21 Invest France, succeeding Gérard Pluvinet who joins the Supervisory Board. Meanwhile, the team has signed four acquisitions for its new Fund, which now counts five investments in total.
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