Eight Advisory advises Acturis on its entry into Add Value Assurances capital, a French commercial eTrade platform.
Eight Advisory advises Acturis on its acquisition of Add Value Assurances, the largest commercial eTrade platform in the French insurance market.
Acturis is the leading, award winning Software as a Service provider to the insurance industry in Europe.
Founded in 2013, Paris based Add Value Assurances is the pioneer of commercial eTrading in France.
Add Value provides the market leading eTrading capability to over 3 000 brokers in France as well as to multiple insurers and affinity brands.
David McDonald, co-CEO of Acturis comments: “We are delighted to welcome Benoit and the Add Value team to the Acturis Group as we continue to fulfil our ambitions for international expansion. With the pioneering and leading position of Add Value and their commercial eTrade leadership in the French market, we see many synergies between the businesses and exciting opportunities for further growth in France. Acturis has led the way in UK eTrade adoption, enabling the market to fast track digital transformation and develop omnichannel distribution solutions. We see similar opportunities in France.”
The financial due diligence was carried out by Christian Berling.
The tax due diligence and structuring were carried out by Eight Advisory Tax team composed of Guillaume Rembry, Baptiste Gachet and Sarah Dahan.
About Eight Advisory Avocats : Eight Advisory Avocats is a law firm specialising exclusively in taxation. Eight Advisory Avocats works with companies of all sizes, from start-ups to large accounts, finding solutions to their ongoing or specific fiscal challenges, supporting their growth (internal and external) and their restructuring operations. The firm also acts on behalf of investment funds, advising them on ongoing or specific management of their portfolios (tax compliance, structuring of investments and divestments, management packages, etc).