This acquisition allows Malakoff Humanis to strengthen its positions in the funeral insurance market in France, to access the market of independent funeral operators, which represent more than 50% of the funeral market, and to capitalize on a recognized distribution network. , made up mainly of independent funeral operators.
The Group, which today represents 8% of this market, intends to double this share by 2025. A leader in group health and provident insurance, Malakoff Humanis also wishes, through this operation, to increase its development in individual insurance.
Mésange Prévoyance generated €10 million in revenue in 2021.
The conclusion of the transfer contract between the Burrus Groups and Malakoff Humanis follows the collection of the opinion of the employee representative bodies and the application of the social obligations provided for in the context of the transfer.
” This project, the objective of which is to consolidate the positions of Malakoff Humanis on the Funeral Insurance market, is part of the Group’s strategic desire to increase its presence in individual insurance. says Thomas Saunier, Managing Director of Malakoff Humanis.
In this transaction, the Burrus Group is advised by Rothschild &Co. and the law firm Valther. Malakoff Humanis is advised by PwC Corporate Finance (M&A), PwC Transaction Services (Due Diligence) and the law firm Fieldfisher.