Ardian in Exclusive Talks to Acquire SIACI SAINT HONORE
February 17, 2015
Ardian has submitted a binding offer and entered into exclusive negotiations to acquire a majority stake in SIACI SAINT HONORE, a provider of insurance broking and employee benefits services in France. As part of the talks, Ardian has agreed to purchase Jardine Lloyd Thompson Group's 26.2% stake. The proposed deal is supported by company management, which would hold a roughly 15% stake alongside Ardian. With over 1,500 employees worldwide, SIACI SAINT HONORE serves more than 3,500 customers across a number of sectors. Financing was arranged and structured by several lenders including Bank of Ireland and BNP Paribas.