On January 29, 2024, Geneo Capital Entrepreneur announced a minority stake of 12 million euros in the capital of the wholesale broker ACS. This strategic partnership opens a new phase of growth for ACS, a specialist in international mobility, which records a turnover of 12.7 million euros in 2022. This collaboration marks an important step in the evolution of these two players , aimed at strengthening their position in the brokerage market.
A Strategic Investment for the Growth of ACS
January 29, 2024 marked an important date in the history of ACS when Geneo Capital Entrepreneur decided to invest 12 million euros in the company. ACS, a wholesale broker until now 100% owned by a family, has for the first time opened its capital to an external investor. This financial contribution aims to support ACS’ development strategy, allowing it to increase its influence and its portfolio of international clients.
Objectives and Ambitions of Geneo Capital Entrepreneur
Geneo Capital Entrepreneur, known for its innovative approach, is riding a growth dynamic by supporting SMEs and mid-sized companies in their development projects. The investment company, which stands out for its Entrepreneurial Capital model, is counting on this partnership to broaden its scope of action in the insurance brokerage sector. This collaboration is a strategic opportunity for Geneo, allowing them to partner with a company whose reputation and skills are established.
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ACS: A Specialization in International Mobility
ACS is recognized as a key player in the field of international mobility. The broker has clients in more than 190 countries, with 55% of its traffic generated outside France. In 2022, ACS recorded a robust turnover of €12.7 million, demonstrating its strength and ability to offer insurance solutions tailored to the needs of its international clientele. This new phase of growth, supported by Geneo’s investment, is intended to consolidate ACS’ position as a market leader.
The Key Elements of the Minority LBO
Geneo Capital Entrepreneur has taken a minority stake in ACS, thus positioning itself as a strategic partner without having total control of the company. This type of minority Leveraged Buy-Out (LBO) ensures that the founding families of ACS retain their influence and strategic decisions. This balance between entrepreneurial autonomy and financial support is essential for harmonious and sustainable growth.
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Future Perspective for the Partnership
Through this collaboration, the two companies plan to explore new avenues of development, particularly through technological innovation and geographic expansion. The integration of the expertise of Geneo and ACS is seen as a winning alliance that will promote the emergence of new products and services to meet the diverse needs of customers. By combining their respective skills, they plan to create powerful and lasting synergies.
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