Turnover: 188 million EUR (2022)
Country: France
- Specialist in wealth management, brokerage and asset management (7 billion in assets under management)
- 3 subsidiaries: Predictis, Flornoy Ferri, Capfinance
- 1,200 employees
- 2023 sales expected to exceed €260 million
News
Premium becomes a savings giant 31/07/2023
- Blackstone, the world's leading private equity firm, will invest 400 million euros in Premium, including 300 million in debt. Following the transaction, Blackstone is expected to hold around 10% of Premium's share capital.
- The Barings fund will contribute 300 million euros of debt to Premium.
- After the double operation, Premium will be valued at 1.15 billion euros, a record amount for an independent asset management group in France. Premium's valuation in 2021 was 290 million euros.
- Premium manages 8.5 billion euros in savings assets.
- Premium's sales are expected to rise from 30 million euros in 2018 to 263 million euros in 2023
- Premium employs 275 people and has 1,100 agents.
- Premium plans to work with 5,000 independent agents in five years' time.
- The company is looking to expand into Italy, Spain and Belgium.
- Some forty new acquisitions are being considered for Premium in France.
Insurance: Premium broker can't find a buyer to match its expectations 02/05/2023
- Valuation sought by Premium for its future LBO: over 1 billion euros.
- Valuation at the time of the last financing round led by Eurazeo: 290 million euros.
- Sellers' target valuation: over 15 times Ebitda 2022.
- Premium sales to end 2022: 188 million euros, up 80% year-on-year.
- Assets under management in life insurance, retirement savings plans (PER) and other investment products: up from 6.4 billion euros to over 8 billion euros in twelve months.
Premium, a new candidate for a record LBO in the insurance brokerage sector 30/11/2022
- Sales doubled in one year and should reach 190 million euros by year-end
- The group will have 10,000 agents by 2022, with a target of 15,000 by 2023
- 72% recurring commissions
- Targets 250 million euros in revenues and 100 million in Ebitda next year in 2023
Financial Data
DUNS: 429317118
Legal Name: GROUPE PREMIUM
Address: 14 RUE DE LA FERME , 92100 BOULOGNE-BILLANCOURT
Number of employees: 0 salarié (2022)
Capital: 3 613 762 EUR
Financial Data:
| Year | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Turnover | 267 699 | 234 670 | 152 408 | 1 618 830 | 1 629 429 | 1 592 705 |
| Gross margin (€) | 271 701 | 619 424 | 176 554 | 1 652 460 | 1 666 175 | 1 593 486 |
| EBITDA (€) | -339 627 | -668 561 | -107 497 | -463 903 | -561 388 | -493 179 |
| Operating profit (€) | -344 817 | -670 043 | -107 877 | -474 288 | -606 578 | -544 470 |
| Net profit (€) | 2 770 841 | 1 029 276 | 6 291 753 | -138 383 | 2 911 251 | -1 212 355 |
| Turnover growth rate (%) | 14,1 | 54 | -89 | -0,7 | 2,3 | - |
| Ebitda margin rate (%) | -126,9 | -284,9 | -70,5 | -28,7 | -34,5 | -31 |
| Operating margin rate (%) | -128,8 | -285,5 | -70,8 | -29,3 | -37,2 | -34,2 |
| Working Capital (turnover days) | 973,9 | 5 233,1 | 8 548,6 | 946,9 | -20,9 | -18,8 |
| Working Capital requirements (turnover days) | -51,2 | -612,7 | -203,4 | -12,3 | -25 | -24,7 |
| Net margin (%) | 1 035,1 | 438,6 | 4 128,2 | -8,5 | 178,7 | -76,1 |
| Added value / Turnover (%) | -34,9 | -169,2 | 11,1 | 76,5 | 70,8 | 80,9 |
| Wages and social charges (€) | 222 564 | 247 881 | 120 031 | 1 595 183 | 1 631 740 | 1 708 033 |
| Salaries / Turnover (%) | 83,1 | 105,6 | 78,8 | 98,5 | 100,1 | 107,2 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Commissaire aux comptes titulaire | Stéphane | MELLOUL | 56 | |
| Commissaire aux comptes suppléant | Marc | BOTBOL | 59 |
Studies mentioning this company
The insurance brokerage market - France
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The wealth management market - France
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