Geneva, Switzerland – January 31st, 2020 – MPD SME Capital One, investment vehicle managed by MPD Partners, bought additional 30% shares in La Centrale de Prévoyance (LCP).
On January 31st, 2020, MPD SME Capital One, investment vehicle managed by MPD Partners, bought additional 30% shares in La Centrale de Prévoyance (LCP) from former President Gilles Lakayzen. MPD SME Capital One now owns 81% of the Swiss insurance broker.
LCP closed fourth quarter of 2019, under the supervision of MPD, with a strong increase in its monthly revenues. Within a span of five months, LCP’s top line improved +300% from the mark before MSCO acquisition in the company. MPD CEO Mr. Coccoli continues to view immense potential in the company and is committed to expand the company’s profitability in the long term.
About La Centrale de Prévoyance:
La Centrale de Prévoyance, formerly trading under the name “La Centrale de Financement CH”, is a spinoff of the homonymous French debt brokerage firm specialized in real estate. The latter recently saw Kering, a key asset of Groupe Artémis, (the investment company owned by François-Henri Pinault), passing over control to April, French leader in Insurance brokerage.
Centrale de Prévoyance is regulated by FINMA, and is involved in all life and non-life insurance products, working with the major insurance companies active in Switzerland, including Groupe Mutuel, Generali, Allianz, Axa, Reitraites Populaires du Vaud, Rentes Genevoises, Lichtenstein, Pax, and La Bâloise. https://www.l-c-p.ch/
About MPD SME Capital One:
MPD SME Capital One (MSCO) is the newly founded investment initiative managed by MPD Partners. Its success hinges on an innovative governance model while matching innovative technologies and traditional businesses.
We aim to promote the economic development within the SMEs ecosystem by bringing together a vast, diverse and passionate network of international and high skilled professionals. Additional info on our MSCO initiative is available at https://www.mpdpartners.ch/msco/.
For more information:
MPD Partners Press Office
+44 20 8144 4810