Siaci Saint-Honoré / Newstone Courtage
The merger between Siaci and Assurances et Conseils Saint-Honoré (ACSH) in April 2007 created France's fifth-largest insurance brokerage firm, which was renamed Siaci Saint-Honoré.
The capital of the holding company created at this time is held by the management (20% of the capital), Compagnie Financière Edmond de Rothschild Group (45%), the leading European broker Jardine Lloyd Thomson (20%) and Paris Orléans (15%).
Paris Orléans is a longstanding shareholder in Siaci. The performances generated by this holding with regard to first two LBOs carried out in 2000 and 2003 far exceeded expectations, with a multiple of above 11x for an initial investment of €10 million.
|As at 31 March 2010|
|Invested amount||€36.6 million|
|Estimated value||€36.6 million|