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.

Ardian acquires majority stake in French insurance broker

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