SIACI SAINT-HONORE
Acquired by
ARDIAN
SIACI SAINT-HONORE acquired by ARDIAN
Target
SIACI SAINT-HONORE
Acquirer
ARDIAN
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 LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 14.0x average currently observed in the Financial Services sector.
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Financial Services market trends
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
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with SIACI SAINT-HONORE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2021 | CHARTERHOUSE | SIACI SAINT-HONORE | FRANCE | Brokerage | Charterhouse Capital Partners has acquired a majority stake in Siaci Saint-Honore from Ardian. Under the new structure, the management and employees took control of the capital, with Charterhouse acting as the lead financial partner. Ardian, the previous majority owner, retained a minority position to support the group's continued international expansion. The transaction was structured to ensure the broker's independence by favoring financial sponsors over strategic industrial bidders. The strategic plan focuses on aggressive external growth across Continental Europe, Asia, and Africa, supported by recent industrial partnerships. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.