Boston private equity firm TA Associates is investing in insurance company Groupe Cipres.

Groupe, headquartered in Levallois-Perret, France, sells health, death and disability insurance policies. Terms of the deal were not disclosed.

Groupe is TA Associates’ fourth investment in France, following asset manager DNCA Finance, online stock image provider Fotolia and luxury clothing line Zadig & Voltaire.  

The seller, Groupe Molitor, will now focus on insurance for expatriates.

TA Associates has raised more than $18 billion in capital and invested in more than 440 companies. The firm’s recent deals include a majority investment in Bogmar, a software developer, and an investment in Towne Park, a parking management company.

Financiere Cambon is acted as Groupe’s financial adviser, while Linklaters is providing legal advice. Latham & Watkins is TA associates’ legal adviser.

The insurance industry has been consolidating for years. Recent transactions include HGGC’s acquisition of Pearl Holding Group, and Hub International’s purchase of Peterson Milaney Insurance Associates Inc.

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