Sale of Texa

Created in 1987 through the merger of six independent companies, Texa has become the undisputed leader of loss adjustment and services to insurers. Historically specialized in large technical risks, the Group has built over the years a diversified services offering and expanded its expertise to the entire range of claims. As the pioneer in the market consolidation, the Group is nowadays totally integrated and able to meet all types of insurers’ needs in claims management. Texa’s long-term growth relies on two development pillars: (i) the industrialization and the digitalization of its activities, which have enabled to significantly improve operational performance, and (ii) the market consolidation through significant acquisitions, aiming at strengthening the Group’s expertise on the various segments. In 2015, the Group notably completed the acquisition of GEOP (revenues of €15m), one of the leaders of reparation in kind in France. This transaction has enabled the Group to leverage on its previous acquisitions: EURISK in 2015 (2015 revenues of c. €40m) and CLE in 2013 (2013 revenues of c. €10m), two key players of the French construction loss adjustment market. Thanks to this combination of organic and external growth, the Group’s has experienced a strong revenue rise since 2012 (60% increase between 2012 and 2015) and generated more than €180m of revenue in 2015. The management team aims at further developing in insurance services and strengthening its market positions on its six businesses segments.