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The Munich-based specialist for financial services for employee benefits will be integrated into the French company Up group.

With this transaction, Clipperton demonstrates once again its capacity to accompany its clients in their cross-border operations.

The transaction follows a series of transforming M&A deals announced by Clipperton since January 2018 including the acquisition of Cheerz by Cewe [CWC.F], the acquisition of Cardoen by Aramisauto, the sale of Foodcheri to Sodexo [SW.PA] and the sale of Quitoque to Carrefour Group [CA.PA].