Eurazeo Engages in Exclusive Talks for Albingia Stake Sale

Eurazeo has entered exclusive negotiations with a consortium led by La Financière de Blacailloux ("Fiblac") to sell its 70% stake in Albingia, a prominent player in the French commercial insurance market. The consortium includes the management team, Krefeld, and Fairfax Financial Holdings. Under the agreement, Eurazeo anticipates a return of 2.2x cash-on-cash from the sale, potentially adding €289 million to its balance sheet. This move aligns with Eurazeo's strategy to support sector leaders while enhancing value for stakeholders.

Albingia, the sole independent entity in its sector in France, amassed over €334 million in premiums in 2023, with a strong net ratio and robust solvency. Eurazeo's expertise in financial services has been pivotal in Albingia's growth, as noted by Valentine's de Lasteyrie, Albingia's CEO. The transaction, subject to regulatory approval, is projected to finalize by spring 2025.