SANTIANE acquired by LATOUR CAPITAL
Context
Latour Capital has successfully finalized the acquisition of a majority stake in the share capital of the target from its previous institutional sponsor, following a highly competitive auction process. This strategic transaction represents a significant milestone in the broker's evolution, marking its transition into a new phase of institutional scaling. The strategic rationale for the move centers on the acquirer’s objective to leverage the target’s unique digital-native distribution model, which demonstrated exceptional resilience and performance during period of global market volatility. By incorporating new institutional backing, the organization reinforces its ability to accelerate its organic growth and explore potential buy-and-build opportunities in the fragmented insurance brokerage landscape. The partnership is designed to maintain the leadership of the existing management team while providing the financial depth required to enhance technical operational depth in digital customer acquisition. This integration facilitates the further professionalization of the firm’s wholesale division, providing the strategic resources required to navigate the evolving regulatory environment for individual health insurance in France. The move solidifies the group’s standing as a primary enabler of digital transformation in the insurance services sector.
SANTIANE, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Financial Services sector (12.3x).
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Target
Santiane is a specialized financial organization operating as a leading digital-native insurance broker focused on individual health and protection (prévoyance). The entity’s business model is centered on a dual-track distribution framework, combining a direct-to-consumer (B2C) online platform with a wholesale (B2B) network for independent brokers. Its value proposition is anchored in a highly optimized customer acquisition engine and technical operational depth in data-driven lead conversion. Strategically, the firm focuses on the digital transformation of traditional insurance distribution, utilizing proprietary software to simplify complex policy comparison and subscription workflows. By maintaining a scalable "Insurtech" infrastructure, the organization ensures a mission-critical role in the French individual insurance market. The entity prioritizes industrialized agility and multi-carrier integration to facilitate personalized coverage solutions in a structurally growing healthcare landscape.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with SANTIANE
Other operations with SANTIANE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | KEREIS | SANTIANE | FRANCE | Brokerage |
| 07/2023 | SANTIANE | APPLI-KEY | FRANCE | Financial Services / Banking |
| 07/2023 | SANTIANE | JULIA ASSURANCE | FRANCE | Insurance |
| 07/2023 | SANTIANE | UGIP ASSURANCES | FRANCE | Brokerage |
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REFERENCES
Valuation range: EV €100–350M
Revenue range: €50–100M
EBITDA range: €5–25M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SANTIANE by LATOUR CAPITAL are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: santiane
Acquirer: latour capital