Apax Acquires Majority Stake in Opteven from Ardian

July 19, 2022

Apax (via its Apax Midmarket X fund) has acquired the majority shareholding in Opteven from Ardian. Opteven, based in Lyon, France, is a European leader in mechanical breakdown insurance, roadside assistance and vehicle maintenance services and will work with Apax to accelerate international expansion and pursue further external growth; the transaction remains subject to regulatory approvals.

Targets
Opteven
Sellers
Ardian
Industry
Insurance
Location
Auvergne-Rhône-Alpes, France
Transaction Type
Buyout

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