Clearwater International France advises Tikehau Capital on the acquisition of a stake in Filiassur

Clearwater International France has advised Tikehau Capital, on the acquisition of a stake in Filiassur to support the company’s expansion and growth in Europe. Tikehau Capital is investing €30m in Filiassur, France’s leading direct distributor of personal insurance.

Filiassur was founded in 2007. Following a period of rapid growth in France, driven by its expertise in designing and marketing innovative niche insurance solutions, it now has 300,000 policyholders. Filiassur operates in a market with a large untapped potential: ageing populations and the progressive roll-back of social security systems mean that demand for tailored personal insurance solutions now far outstrips supply.

Tikehau Capital’s investment will provide Filiassur with a fresh impetus as it begins a new phase in its development, focusing on both organic and external growth in France and Europe. Financing for the transaction is provided by Five Arrows by way of a unitranche.

The Clearwater International team, led by Thomas Gaucher, Managing Partner, was composed of Laurence de Rosamel, Director (Debt), Marie-Clémence Harang, Associate Director and Meryem Idrissi-Kaitouni, Associate.

“We are delighted to be partnering with this dynamic and ambitious management team which has managed to establish Filiassur as France’s leading direct distributor of personal insurance. We firmly believe in Filiassur’s potential and in its management’s ability to accelerate the company’s growth and consolidate its market leadership.”

Antoine Flamarion, Co-founder, Tikehau Capital

“Tikehau Capital’s hallmark entrepreneurial mindset coupled with its financial heft and proactive support will be of huge benefit for the Filiassur group as it steps up its development over the next few months. Both myself and all of the Filiassur teams are absolutely delighted with this partnership.”

Denis Bizien, CEO, Filiassur

“We are particularly proud to have advised the prestigious alternative asset management and investment group Tikehau Capital for this investment in France’s leading direct distributor of personal insurance. This transaction confirms Clearwater’s expertise in the financial services sector. During this competitive process, our mission consisted of securing negotiations with the sellers and establishing financing with Five Arrows.”

Thomas Gaucher, Managing Partner, Clearwater International France