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 equal investment between the two main shareholders allowed the company to move to the next phase of its development by creating 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 communicated more, it is in the lower range of the investment policy of the Ardian Buyout team, the tickets include 180millions and 700millions 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 owns a minority stake in Diot-Siaci, a glove brokerage of the late-year merger of Siaci Saint Honor and Diot.
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The French-based management company is one of the world’s leading private investors with $ 130 billion in investment or advice in Europe, America and Asia.