Private Equity

Ardian acquires majority stake in French insurance broker

Ardian has taken a majority stake in French insurance broker Finaxy for an undisclosed sum from Equistone Partners Europe.

Founded in 2009, Finaxy was acquired by Equistone in 2014, and has since become a top 10 insurance broker in France. Since inception, the company has completed 27 acquisitions in France, two of which took place this year.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached