Ardian invests in Odealim, alongside TA Associates

This investment, made by Ardian’s Growth team, will enable the company to accelerate its growth globally.

Ardian announces that it has entered into an agreement with TA Associates (“TA”), an international player investing in growth companies, to invest in co-control in Odealim, a leading national player in insurance brokerage and real estate financing. The group, led by Xavier Saubestre (President and CEO) and Xavier Paturel (Chief Executive Officer), currently generates more than 160 million euros in turnover.

TA, Odealim’s leading shareholder since 2018, will reinvest in the company together with Raise Investissement and the management team. This investment, made by Ardian’s Buyout team, will allow the company to advance to the next stage of its development, creating an integrated leader in the real estate segment thanks to its continuous organic growth and its strategy of diversification and geographic expansion, namely through targeted acquisitions. .

Founded in 1998, the company has established itself as an insurance brokerage specialist for real estate professionals (property managers, institutional and land investors, co-owners) by providing its expertise in designing and managing insurance solutions for their active properties. (multi-risk building, damage to work, unpaid rent guarantee, etc.).

Under the impetus of TA, the Group has experienced impressive development (from €30 million in 2018 to €160 million today) by completing its network in France (acquisitions in particular of Ripert de Grissac and Pisano in Marseille, Brun, Assurgérance and BVD in Lyon, Fidentialp in Grenoble and Bâti-assure in Tours).

Odealim has also diversified in recent years into borrower insurance and credit brokerage, investing in Digital Insure (2020), an insurtech company focused on borrowing insurance, and acquiring mortgage broker Artémis Corretora (2021), allowing it to strengthen its vertical presence in the real estate market and generate cross-selling opportunities.

With this investment, the company will continue its growth trajectory and will work to integrate the recently acquired companies to capitalize on the many consolidation opportunities that the market presents. Ardian and TA, taking advantage of their experience in the insurance and financial services sector, will help the group to strengthen its positions in current markets, in particular in Construction (Dommages-Ouvrage, Décennale, RC Pro) and in new segments such as the Tertiary.

“We have followed Odealim closely for several years and were quickly won over by the development project led by Xavier Saubestre and Xavier Paturel, as well as the prospect of supporting the French leader in insurance brokerage and financing for real estate professionals. Odealim has also shown impressive organic growth during this period, as well as strong resilience during the Covid-19 pandemic and the current inflationary environment,” Yann Bak, Managing Director of ‘Ardian’s Purchasing Team.

“Odealim is today a key player in insurance brokerage and real estate financing in France. The group benefits from a recurring business model, significant organic growth prospects and is a natural platform for consolidation in its markets. We are delighted to continue the adventure alongside the entire management team of the Odealim Group and Raise and welcome Ardian, an experienced insurance brokerage investor to the company’s equity”, Patrick Sader and Jeremy Drean of TA Associates.

“Ardian’s arrival alongside TA, with whom we are proud of the progress made and whom we thank for their renewed confidence, reinforces our ability to continue our development. Every day, our teams work with high standards to offer our customers and partners the expected level of expertise and proximity. Finally, I would also like to thank the members of the Odealim Board, invested in each of the structures and who have made this project, and this one for several years, a conquering, innovative and dynamic company”, comments Xavier Saubestre, CEO of Odealim.

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