Acquiring Company
Chedid Capital
Acquired Company
Groupe Ascoma
InsuranceFinancial ServicesInsuranceFinancial Services
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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed