Abenex Takes Minority Stake in Phenomen

September 6, 2023

Abenex, a European private equity firm, has acquired a minority stake in Phenomen, a Paris-based insurtech specializing in contingency, embedded and event cancellation insurance. The investment will support Phenomen's operational and financial strengthening, accelerate its rollout across Europe, and enable transformative M&A to scale its Meetch (embedded insurance) and Leeloo (event cancellation) businesses.

Buyers
Abenex
Targets
Phenomen
Sellers
Management (Gérald Beyrand, Axel Calandre, Romain Bonvallet, Benoît Dominique), A pool of historic investors
Industry
Insurance
Location
Île-de-France, France
Transaction Type
Growth capital

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