IK Investment Partners Agrees to Acquire a Majority Stake in LSA Courtage

January 5, 2021

Willkie represents IK Investment Partners in connection with its contemplated acquisition of a majority stake in LSA Courtage, a leading French online insurance brokerage platform.

On January 4, Willkie client IK Investment Partners announced that it entered into exclusive negotiations to acquire, through its IK Small Cap II Fund, a majority stake in LSA Courtage, a leading French online insurance brokerage platform, from BlackFin Capital Partners. ISAI (the French Tech Entrepreneurs’ Fund) will be joining IK by acquiring a minority stake, alongside LSA’s CEO, Bertrand Liber and management.

Founded in 1970, LSA is a leading online insurance brokerage platform providing Property & Casualty (P&C) cover for individuals and small businesses in France. LSA Courtage specializes in automotive insurance products for non-standard risks, leveraging the prominence of its main brand Assurpeople.com and its fully digital customer experience. LSA Courtage currently employs 135 people based in its headquarters in Rueil-Malmaison and manages over 180,000 contracts in close partnership with leading insurance companies operating in France.

The transaction represents the 15th investment from IK’s €550 million Small Cap II Fund, raised in 2018.

The Willkie deal team is led by partner Eduardo Fernandez and includes counsel Hugo Nocerino (corporate), partner Paul Lombard (finance), and counsel Philippe Grudé (tax).