AnaCap, a personal fairness investor specialised in partnering with founders and entrepreneurial administration groups throughout companies, know-how and software program inside the European monetary ecosystem, entered into unique negotiations to amass Cleva, a Paris, France-based insurance coverage software program supplier, from Inetum.
The quantity of the deal was not disclosed.
This newest growth will symbolize AnaCap’s second platform funding in 2024 following the acquisition of a majority stake in Yard Reaas, an funding companies and property administration platform in April 2024.
Led by CEO Rodolphe Peim, Cleva gives core life, well being and non-life insurance coverage software program options. The corporate is working predominantly in France and Portugal and serving greater than 60 insurance coverage carriers and brokers. It employs roughly 550 individuals with places of work in Paris, Lyon, Porto and Lisbon.
With the help of AnaCap and its monitor report throughout each insurance coverage and software program, Cleva goals to speed up its progress plans and develop its geographic footprint, particularly within the Iberia area.
AnaCap invests in decrease mid- market companies, software program and know-how inside the European monetary ecosystem. Since 2016, the agency has raised over €1.7 Billion of capital and deployed into a technique with 60+ offers throughout Western and Northern Europe. Its focus is on decrease mid-market buyouts, administration buy-in or buy-outs of companies in want of capital, experience and class to execute natural and inorganic methods.
FinSMEs
02/07/2024
