Mutuelle Assurance des Commerçants et Industriels de France acquired Mondial Pare-Brise, SAS from Parts Holding Europe S.A. for €103 million on February 10, 2023. Mondial Pare-Brise will retain its commercial and management autonomy and will continue its open growth model, in partnership with all insurers. This operation was favorably received by the staff of the mutual insurer and of Mondial Pare-Brise, and obtained the approval of the various supervisory authorities to which the project was submitted. The transaction has received approval from the competition authorities The acquisition was financed with equity. Mondial Pare-Brise, SAS recorded revenues of €146 million in 2022. Fieldfisher LLP acted as advisor to Parts Holding Europe S.A. Fieldfisher LLP team includes Philippe Netto, partner in charge of the matter, Marion Cressely-Deneuville, counsel and Madeleine Lazaro, associate.

Mutuelle Assurance des Commerçants et Industriels de France acquired Mondial Pare-Brise, SAS from Parts Holding Europe S.A. on February 10, 2023.