Scotto Partners advised the management of the Siaci Saint Honoré Group on the transaction. Latham & Watkins advised Ontario Teachers. Clifford Chance advised Cathay Capital and Linklaters advised Ardian. Valther advised Burrus, Freshfields Bruckhaus Deringer advised Charterhouse Capital Partners, Allen & Overy advised Bpifrance.
The management of the Siaci Saint Honoré Group, which collectively owns the majority of the capital of this independent French player in insurance brokerage, and Christian Burrus, majority shareholder of DIOT and LSN, signed an agreement to create the first broker in European and independent insurance with international scope.
Under the terms of the agreement, the Ontario Teachers ’Pension Plan would enter the round as the main institutional investor, alongside Bpifrance and Cathay Capital. This consortium would then replace Charterhouse Capital Partners and Ardian, which would sell their reference holdings in the capital of the Siaci Saint Honoré Group.
The new group will be chaired by Pierre Donnersberg, current CEO and founder of Siaci Saint Honoré, while Christian Burrus will serve as CEO.
During this transaction, Scotto Partners intervened with the management of the Siaci Group for the design of this unprecedented partnership with Christian Burrus with a view to jointly owning the majority of the capital and voting rights of the newly created Group, as well as in negotiations with the new financial partners of the tour de table. Scotto Partners also designed the new management package that will be offered to the main managers and executives of the newly created group.
Pierre Donnersberg declares: “We share common values â€‹â€‹and many opportunities. This merger would generate new challenges and the implementation of ambitious growth plans built on incredible and complementary commercial synergies in the service of our customers ”.
Christian Burrus adds: “The values â€‹â€‹of family shareholders that drive me remain at the heart of this project: they preserve our independence and guarantee it in the long term in the interest of our teams, our clients and our investors”.
With this merger, the new Group will strengthen its position in France and internationally on the Large Businesses, ETIs and SMEs market, both in personal insurance, international mobility, as well as property and liability insurance, maritime insurance. and transport, credit insurance and reinsurance.
It will be among the top 10 global players in the sector, will have a turnover of nearly € 700 million and will bring together nearly 5,000 employees in more than 40 countries.
The Scotto Partners team is made up of Lionel Scotto and Adrien Badelon (Picture, partners) as well as Rosa Oudni and Caroline Vieren (collaborators) on Corporate aspects, Jérôme Commerçon (partner), accompanied by Martine Le Roux and Loïc Pipaud (collaborators ), on tax aspects and Bertrand Thibaut (counsel) and Alban Tourneux (associate) on social law aspects.
The Latham & Watkins team included Gaëtan Gianasso, partner, Benedicte Large Bremond, counsel, Antoine Dufrane, Alexandre Magnier. Xavier Farde, partner, intervened on the financing aspects and Mathilde Saltiel, partner, intervened on the antitrust aspects.
Clifford Chance advised Cathay Capital on the corporate aspects of this transaction with a team made up of Gilles Lebreton and Emmanuel Mimin, partners, and Raphaël Durand, lawyer.
The Linklaters team was made up of Florent Mazeron, partner, and Mehdi Boumedine, counsel, in Corporate.
The Valther Avocats team included Idris Hebbat.
The Freshfields Bruckhaus Deringer team included Nicolas Barberis and Julien Rebibo.
The Allen & Overy team included Marc Castagnède, Romy Richter, Anne-Caroline Payelle, Antoine Messent.
Involved fees earner: Marc Castagnede – Allen & Overy; Antoine Messent – Allen & Overy; Anne-Caroline Payelle – Allen & Overy; Romy Richter – Allen & Overy; Raphaël Durand – Clifford Chance; Gilles Lebreton – Clifford Chance; Emmanuel Mimin – Clifford Chance; Nicolas Barberis – Freshfields Bruckhaus Deringer LLP; Julien Rebibo – Freshfields Bruckhaus Deringer LLP; Antoine Dufrane – Latham & Watkins; Xavier Farde – Latham & Watkins; Gaétan Gianasso – Latham & Watkins; Bénédicte Large Bremond – Latham & Watkins; Alexandre Magnier – Latham & Watkins; Mathilde Saltiel – Latham & Watkins; Mehdi Boumedine – Linklaters; Florent Mazeron – Linklaters; Adrien Badelon – Scotto & Associés; Jérôme Commerçon – Scotto & Associés; Martine le Roux – Scotto & Associés; Rosa Oudni – Scotto & Associés; Loïc Pipaud – Scotto & Associés; Lionel Scotto – Scotto & Associés; Bertrand Thibaut – Scotto & Associés; Alban Tourneux – Scotto & Associés; Caroline Vieren – Scotto & Associés; Idris Hebbat – Valther Avocats;