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07/2021

SIACI SAINT-HONORE acquired by CHARTERHOUSE

FRANCE Brokerage EV 1b - 4b EUR

Context

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.

Ardian had previously taken control of the company during an LBO in 2015.

SIACI SAINT-HONORE, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.9x).

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.

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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

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2017
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2016
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Other operations with SIACI SAINT-HONORE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
02/2015ARDIANSIACI SAINT-HONOREFRANCEBrokerage

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.

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M 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 CHARTERHOUSE are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: siaci saint-honore

Acquirer: charterhouse