SIACI SAINT HONORE: Ardian becomes majority shareholder of the group
SIACI SAINT HONORE has announced the completion of its capital restructuring. As a result of this transaction, Ardian becomes the majority shareholder of the group alongside SIACI SAINT HONORE employees and the Edmond de Rothschild Group.
The new shareholding distribution is as follows:
- Ardian: 57%
- SIACI SAINT HONORE employees: 23%
- Edmond de Rothschild: 20%
SIACI SAINT HONORE also continues its close strategic partnership with Jardine Lloyd Thompson (JLT), the 2nd largest broking network in the world, making an even greater and long-term commitment to mutual representation in France and around the world.
Pierre Donnersberg, Chairman of the Executive Board of SIACI SAINT HONORE, said, “I am delighted with this transaction, which was carried out successfully and promptly, and am pleased to see a significant rise in employee shareholding from 15% to 23%. Their remarkable commitment reaffirms our identity as a company of independent entrepreneurs.”
Hervé Houdard, Managing Director of SIACI SAINT HONORE, added, "With the support of our premium shareholding partners, Ardian and Edmond de Rothschild, everything is now in place to enable us to further accelerate growth and reach our goal of becoming the leading independent French broker for large businesses across all our activities, Property & Casualty, Marine, Employee Benefits and Total Rewards as well as International Mobility."
About de SIACI SAINT HONORE
SIACI SAINT HONORE, one of the leading providers of brokerage and consulting services in the French insurance market, supports large and mid-cap companies in the management of their property and personal insurance risks in France and around the world. The Group designs and develops customized solutions for its corporate clients in Property & Casualty, Marine, Employee Benefits, Retirement, HR Strategy & Total Rewards and International Mobility. SIACI SAINT HONORE’s services encompass the entire value chain from risk management consulting to the management of insurance plans. The firm has currently more than 1,500 employees worldwide, insures 1.2 million individuals in France and abroad and reported turnover of €244 million in 2013.