Acquiring Company
Chedid Capital
Acquired Company
Groupe Ascoma
Description
Chedid Capital has acquired the remaining 20% stake in Groupe Ascoma, making it the sole owner of the leading independent insurance brokerage network in Sub-Saharan Africa. This acquisition further solidifies Chedid Capital's position in the insurance and reinsurance fields and marks a significant step in its expansion across the African continent.
Quick answer
Chedid Capital is acquiring Groupe Ascoma, announced April 23, 2024.
- How much did Chedid Capital pay for Groupe Ascoma?
- The deal value was not disclosed.
- What does Chedid Capital do?
- Chedid Capital is a leading investment group in the insurance and reinsurance fields.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Insurance
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- Hub International Limited acquires Essex Agency, Inc. to expand commercial and personal insurance in Vermont (June 4, 2024)
- Arch MI completes acquisition of RMIC Companies, Inc. to expand U.S. primary mortgage portfolio (June 3, 2024)
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- Everest Consolidator extends operation with $150K deposit for Unifund deal, $150K (May 30, 2024)
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Frequently asked
Who acquired Groupe Ascoma?
Groupe Ascoma was acquired by Chedid Capital. The deal was reported on April 23, 2024. Chedid Capital is a leading investment group in the insurance and reinsurance fields. Chedid Capital is privately held and operates in Financial Services.
When did Chedid Capital acquire Groupe Ascoma?
Chedid Capital's acquisition of Groupe Ascoma was reported on April 23, 2024. Chedid Capital has acquired the remaining 20% stake in Groupe Ascoma, making it the sole owner of the leading independent insurance brokerage network in Sub-Saharan Africa. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Groupe Ascoma do?
Groupe Ascoma is the leading independent insurance brokerage network in Sub-Saharan Africa, with a history tracing back to 1952. It is privately held, operating in Financial Services.
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