Management company Ardian joins US fund TA Associates in the capital of French insurance broker Odealim, which specializes in the real estate market, it announced on Wednesday.
This investment in equal parts between the two main shareholders «will allow to make a transition enterprise to the next phase of development of an integrated leader in the real estate segment.“Ardian said in a statement. Odealim, ex-AssurCopro, has a turnover of more than 160 million euros, according to its new shareholder.
The amount invested has not been disclosed but is in “the lower range»From the investment policy of the Ardian Buyout team, the auxiliary tickets comprise between 180 million and 700 million euros. TA Associates has been a shareholder in Odealim since 2018 and the acquisition of Eurazeo PME shares. The management team and the French fund Raise are also present in the capital.
Ardian also has a minority stake in Diot-Siaci, a brokerage giant born out of last year’s merger of Siaci Saint Honoré and Diot. The French management company presents itself as one of the world leaders in private investment with $ 130 billion managed or advised in Europe, America and Asia.