Simpson Thacher Advises Cobepa on Unitranche Financing for the Acquisition of Ascentiel Groupe
12.19.24
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Simpson Thacher represented Cobepa in connection with a unitranche financing for the acquisition of Ascentiel Groupe (“Ascentiel”). The financing closed on December 18, 2024.
Cobepa is an independent, privately held investment company with offices in New York, Brussels and Munich. Cobepa manages a diverse portfolio of private equity investments representing approximately €4.7 billion of equity capital. Cobepa invests in leading companies with superior business models, sustainable market positions and leading management teams.
Founded in 1970, Ascentiel has evolved into a premier insurance brokerage group, encompassing eight distinct brands, catering to both individual and professional insurance markets. Ascentiel offers a comprehensive suite of insurance solutions, ranging from motor, animal health and home coverage for individuals to specialised products for commercial clients, including decennial liability coverage for construction professionals and insurance for commercial vehicle fleets. Operating under delegated authorities, Ascentiel manages all aspects of policy lifecycle, from underwriting to claims management, ensuring top-tier service and compliance.
The Simpson Thacher team included Hadrien Servais, Eline Souffriau and Brian Bodensteiner (Credit).