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02/2015

SIACI SAINT-HONORE acquired by ARDIAN

FRANCE Brokerage EV 500M - 1.5b EUR

Context

Ardian entered exclusive negotiations to acquire a 65% majority stake in Siaci Saint-Honore. This LBO is characterized by a strong reinvestment from management (15%). The transaction is financed by a EUR250 million senior debt package (covenant-lite) and includes a EUR35 million acquisition line for future build-ups.

SIACI SAINT-HONORE, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.2x).

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Target

Formed in 2007 through the merger of Siaci and Saint-Honore, the group is a leading independent French insurance broker. It advises large corporate clients on Property & Casualty (P&C), Transport/Marine risks, and Employee Benefits. The company has a specific stronghold in "International Mobility" (insurance for expatriates and mobile employees), a high-growth niche.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
2012

Other operations with SIACI SAINT-HONORE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2021CHARTERHOUSESIACI SAINT-HONOREFRANCEBrokerage

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 150M - 250M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SIACI SAINT-HONORE by ARDIAN 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.

Target: siaci saint-honore

Acquirer: ardian