Ascentiel Groupe
Status
Realised
Country
France
Strategy
Small Cap
Sector
Entry
Jan-21
Exit
Dec-24
Fund
IK SC II
Website
News
Cobepa enters into exclusive discussions to a...IK Investment Partners, Bertrand Liber and LS...
A leading online insurance broker focusing on Property and Casualty
Founded in 1970 and headquartered in Rueil-Malmaison, France, Ascentiel Groupe ("Ascentiel" or "the Company"), formerly known as LSA, is a leading online insurance brokerage platform providing Property & Casualty ("P&C") cover for individuals and small businesses in France. The Company covers the whole value chain of insurance products, including acquisition, subscription, contract and claim management through its proprietary IT platform.
The Company specialises in automotive insurance products for non-standard risks, leveraging the prominence of its main brand, Assurpeople and its fully digital customer experience. Over recent years, Ascentiel Groupe has diversified its offering towards animal health insurance and more recently by launching Airbag, a wholesale broker specialised in decennial and civil liability products for construction professionals.
In January 2021, IK Partners acquired a majority stake from BlackFin in a secondary transaction, alongside ISAI and Chief Executive Officer Bertrand Liber as minority shareholders. IK sold its stake to Cobepa in December 2024.
Our Value Creation Strategy
During our ownership, we worked alongside management to:
- Continue to develop organically into underserved areas leveraging its digital model;
- Strategically enter the wholesale brokerage segment; and
- Explore opportunities to acquire selective insurance portfolios via buy-and-build strategies.