Capital Croissance has reinvested in Suire-Sogeas through a secondary LBO alongside Meanings Capital Partners, aiming to accelerate growth in the direct brokerage of personal insurance in France.

Information on the Target

Suire-Sogeas is a prominent player in the direct brokerage of personal insurance, formed through the merger of two complementary specialists: Suire Vie & Patrimoine and Sogeas. Suire Vie & Patrimoine focuses on individual and collective life insurance tailored for small and medium-sized enterprises (SMEs), while Sogeas specializes in collective insurance for medium-sized enterprises (ETIs) and large groups. Pioneering individual insurance offers targeting vulnerable populations, Sogeas complements the group's overall expertise.

The company partners with major insurers in the market to provide a comprehensive multi-product portfolio, which includes health, provident insurance, retirement, savings, and property and casualty insurance. In addition to its diverse product offerings, Suire-Sogeas demonstrates a strong social commitment through its “Solidaire” initiative, which is certified as an 'Entreprise Solidaire d'Utilité Sociale' (ESUS). This program develops tailored solutions with healthcare and social service providers to address the needs of vulnerable communities.

Industry Overview in France

The direct insurance brokerage sector in France has experienced significant growth over the past few years, driven by increasing demand for personalized insurance products. The marketplace is characterized by a shift towards more consumer-ce