Mayer Brown advised Charterhouse on the sale of the group SIACI SAINT HONORE to its management and teams from Ardian and Edmond de Rothschild.

Ardian, a leading private investment company, has entered into exclusive talks with the mangement of SIACI SAINT HONORE, along with Charterhouse, one of the longest established capital investment companies in Europe, issuer of a binding offer, in the context of the sale of SIACI SAINT HONORE, a French leading provider of insurance brokerage and consulting services. This deal will allow the group’s management, headed by Pierre Donnersberg, to hold a majority stake and thus to further develop their vision of leading insurance brokerage and insurance services company in France while pursing its international strategy.

Following this deal, Charterhouse, convinced by group SIACI SAINT HONORE’s growth potential, is to become the reference shareholder alongside the management in this large development project, and Ardian would still support the group in its growth. Edmond de Rotschild, historic shareholder, is to sell its stake.

This transaction will be submitted to SIACI SAINT HONORE’s works council recommendation and is awaiting for the signing of a definitive agreement and approval of the competition authorities. The transaction is expected to be completed in September 2018.

The Mayer Brown team advising Charterhouse with regard to the due diligence and tax structuring aspects includes : Laurent Borey, Benjamin Homo and Nicolas Danan.