Sunday, 17 February 2013

Omnes buys marine insurer

Omnes Capital, the former private equity operations of French bank Crédit Agricole, has sponsored the management buyout of Groupe Eyssautier, a marine and transport insurance broker.
Founded in 1935 by the Eyssautier family, the group provides risk analysis and insurance services to the transport and shipping sectors
Last year, the group generated revenues of almost €10m from its branches in Paris, Marseille and Athens, which employ some 50 people.
Crédit Agricole jettisoned its private equity division in a transaction with secondaries specialist Coller Capital in December 2011, before the team rebranded as Omnes Capital three months later. The spin-out allowed the bank to cut its “risk-weighted” assets by €900m.
The firm, headed up by Fabien Prévost, is thought to be in the market looking to raise a new fund having closed a deal with Coller to go it alone.

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