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Ardian and Edmond de Rothschild enter exclusive negotiations to sell the SIACI SAINT HONORE group to its management, with the support of charterhouse

London and Paris, June 7, 2018

Ardian, a world-leading private investment firm, has entered exclusive negotiations with the management of SIACI SAINT HONORE ("the Group") and Charterhouse, a leading player in private equity in Europe who made a firm offer to acquire the Company, one of the leading French insurance consulting and brokerages.

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The transaction will allow the Group’s management team, led by Chief Executive Pierre Donnersberg, to take a majority stake in the business, allowing them to pursue their goal of creating a leading French international consulting and insurance brokerage group.

Following the transaction, Charterhouse, which strongly believes in SIACI SAINT HONORE’s growth potential, will be the main shareholder alongside management, helping the Group to develop as an independent European market leader through the benefit of its experienced team and its international reach. Ardian may also continue to support the Group as it continues its growth.

Edmond de Rothschild, the Group's long-standing shareholder, will dispose of its stake as part of the transaction.

The transaction is subject to consideration by the works council of the SIACI SAINT HONORE Group and the signing of a definitive agreement, as well as to the approval of the competition authorities. The completion of the transaction is expected to occur in September 2018.

ING and Nomura were arrangers and bookrunners for the financing of the acquisition.


ABOUT ARDIAN

Ardian is one of the world's leading investors with $71 billion of assets under management and/or advised on in Europe, North America and Asia. The company, majority-owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top performance. Through its commitment to sharing the value created with all stakeholders, Ardian contributes to the growth of businesses and economies around the world. Based on its values of excellence, loyalty and entrepreneurship, Ardian has an international network of more than 500 employees in 13 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore and Tokyo). The company manages the money of 700 clients through its five investment pillars: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. Follow Ardian on Twitter @Ardian


ABOUT SIACI SAINT HONORE

SIACI SAINT HONORE, a leader in consulting and insurance brokerage for property and individuals, designs and develops tailor-made solutions for its large corporate, ETI and SME customers. The Group supports them throughout the value chain to manage and guide risk in P&C, Transport, Social Protection, Retirement, Employee Savings, Compensation and International Mobility. Today, it has more than 2,500 employees worldwide, insures 2.5 million people in France and internationally, and had a turnover of more than €350 million in 2017.


ABOUT CHARTERHOUSE CAPITAL PARTNERS

Charterhouse is one of the longest established private equity firms operating in Europe. The firm supports entrepreneurs, founders and management teams in their growth ambitions, particularly international development. Charterhouse pursues a highly selective investment approach by investing in a limited number of companies with exceptional qualities. Transactions range in enterprise value from €200 million to €2.0 billion. Charterhouse brings together a team of investment professionals with a wealth of experience acquired in more than 140 acquisitions since its creation, with a total value of more than €50 billion, of which more than €17 billion was invested in France, making Charterhouse one of the leading foreign investors in France.


ABOUT EDMOND DE ROTHSCHILD

An investment house driven by the idea that wealth should be used to build tomorrow’s world, Edmond de Rothschild is an independent family-controlled group specialising in Private Banking and Asset Management. In all its activities the Group favours bold strategies and long-term investments rooted in the real economy such as infrastructure development, healthcare, biotechnology and impact investing. Founded in 1953, the Group has been headed since 2015 by Baroness Ariane de Rothschild, who chairs its Executive Committee. At 31 December 2017 the Group had EUR 156 billion (CHF 167 billion) of assets under management and 2,600 employees spread across 27 locations throughout the world. It is also active in Corporate Finance, Private Equity and Institutional and Fund Services.

LIST OF STAKEHOLDERS:

ARDIAN
- Ardian Buyout : Philippe Poletti, Yann Bak, Edouard Level
- M&A Advisor: Lazard (Pierre Tattevin, Nicolas-David Kersen)
- Legal Advisor : Latham & Watkins (Gaëtan Gianasso)

SIACI SAINT HONORE
- SIACI SAINT HONORE : Pierre Donnersberg (President of the Management Board), Hervé Houdard (Vice-president and Director General), Xavier Corman (General Secretary),
- Management Advisor: Scotto & Associés (Lionel Scotto Le Massese, Adrien Badelon), Veil Jourde (Jean Veil, François de Navailles), Stephenson Harwood (Patrick Mousset, Indranee Dursun)
- Vendor Due Diligence : EY (Cyril de Beco, Paul-Eric Lacourte), Roland Berger (Christophe Angoulvant, Christian Heinis)

CHARTERHOUSE
- Charterhouse : Fabrice Georget, Cedric Barthelemy, Robert Leeming, Vincent Pautet, Chrystelle Eid - M&A advisers : Gimar & Cie (Olivier Jollain, Antoine Carré)
- Lawyers : Freshfields (Nicolas Barberis, Julien Rebibo, Stephanie Corbière, Margaux Baratte, Victor Quilllere)
- Financial Due Diligence : 8 Advisory (Pascal Raidron, Justin Welstead, Dimitri Cromback)
- Commercial Due Diligence : BCG (Benjamin Entraygues, François Brousse)

GROUPE EDMOND DE ROTHSCHILD
- Jean Laurent-Bellue et Philippe Cieutat

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