SIACI SAINT-HONORE acquired by 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 [members only] in 2013, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Financial Services sector (12.3x).
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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
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with SIACI SAINT-HONORE
Other operations with SIACI SAINT-HONORE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2021 | CHARTERHOUSE | SIACI SAINT-HONORE | FRANCE | Brokerage |
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €150–250M
EBITDA range: €50–100M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
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