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Announced

Burrus Group to merge with Siaci Saint Honore for $2.96bn.

Financials

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Transaction Value£2,150m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Private Equity

Pending

Private

Merger

Majority

Friendly

Insurance Brokers

insurance brokerage services

France

Cross Border

Synopsis

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Burrus Group, an insurance agency, agreed to merge with Siaci Saint Honore, an independent French insurance broker, for $2.96bn. Ontario Teachers’ Pension Plan Board will lead the investor consortium and acquire a 30% stake in the combined group, becoming the largest institutional shareholder. Bpifrance and Cathay Capital will acquire a 10% and 5% stake respectively. “We share common values and a wealth of opportunities. This merger will generate new possibilities and the implementation of ambitious growth plans built on large business synergies,” Pierre Donnersberg, Siaci Saint Honore CEO.

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