Private equity firm Charterhouse has entered into exclusive negotiations to sell Siaci Saint Honoré, a leading global B2B insurance brokerage, to a consortium of investors led by Burrus Group.
This deal will prompt the formation of a newly combined group, one which will contain an independent European leader in insurance consulting and brokerage, which will be one of the top ten international players in the sector.
Charterhouse will fully exit the company as part of the deal, which is expected to be finalised in the second half of 2021
Fabrice Georget, Partner at Charterhouse Capital Partners, commented, “Siaci Saint Honoré has been on an exciting growth journey in recent years.
“We’ve been delighted to support the Company’s development in this time, through both organic growth initiatives and expansion via acquisition.
“The newly combined group will form an international leader in the insurance broking sector and create an important European champion, well positioned for further strategic expansion. We wish Pierre and the team at Siaci every success in the future.”
