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Eurazeo sells 70% stake in Albingia to Hermes-backed group

11 December 2024
bloomberglaw.com
Eurazeo is currently in negotiations to sell its 70% stake in French insurer Albingia. The potential buyers include a consortium led by the Chamoin family, with participation from Krefeld Invest, a family office associated with the Hermes luxury goods fortune, and Canadian insurer Fairfax Financial Holdings.

The involvement of Krefeld Invest indicates a strategic shift for the Hermes heirs, as they aim to diversify their investments beyond the luxury sector. This move reflects a broader trend among wealthy families seeking to spread their financial portfolios across various industries.

Eurazeo SE has expressed its intention to divest its entire stake in Albingia, signaling a significant transition for the insurer. The outcome of these discussions could reshape the ownership structure of Albingia and influence its future direction in the insurance market.
Tags
Companies
Keywords
financial services
insurance
family office
Industry
financial services
Type
exit
Strategy
large cap
Geography
france

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