IK Partners has acquired a majority stake in Ascora, a leading French insurance brokerage, through a Management Buy-Out to support its growth and consolidation strategy.

Target Information

Ascora, a prominent French multi-expertise insurance brokerage firm, has entered into a partnership with IK Partners. The deal involves a majority acquisition by the IK Small Cap IV fund, structured as a Management Buy-Out (MBO) to facilitate the succession of its founder, Stéphane Henry. Established in 1989, Ascora ranks among the top 20 insurance brokers in France and offers a comprehensive range of services that includes distribution, underwriting, policy production, and claims management.

The company operates across three main areas of expertise: real estate, property and casualty (IARD), and personal insurance. Primarily based in Île-de-France, Ascora serves over 12,000 clients and is recognized for its technical expertise, strong local culture, and exceptionally high-quality service tailored to meet the specific needs of its clients. In this new phase of development, Ascora aims to continue its consolidation strategy, having already acquired thirteen brokers.

Industry Overview

The French insurance brokerage industry is characterized by a competitive landscape with various players offering specialized services. The sector has seen significant growth in recent years, driven by increased demand for comprehensive insurance solut