The Diot-Siaci Group, an independent European leader in corporate insurance brokerage, and Ardian, a world-leading private investment firm, announce the signing of a definitive agreement after exclusive negotiations regarding the Group’s new ownership structure. Upon completion of the transaction, Ardian will become Diot-Siaci’s lead financial shareholder, alongside the Burrus Group, a long-standing shareholder, and the management team. The new capital structure will establish joint control governance between Ardian and the Burrus Group.
As a long-standing shareholder of the Group since 2015, Ardian is now increasing its stake in Diot-Siaci to become its main financial shareholder by acquiring the shares held by Ontario Teachers’ Pension Plan (Ontario Teachers’), Bpifrance, Cathay Capital and other minority shareholders.
A reinforced ambition: international growth and market consolidation
Building on their shared history and renewed mutual trust, Diot-Siaci’s management team is demonstrating its full commitment to the transaction through a significant reinvestment in the company’s capital. The management team welcomes Ardian’s full support in accelerating Diot-Siaci’s growth, particularly in major industrial risks, marine insurance, personal insurance, human resources consulting, credit insurance, international mobility, and reinsurance across its key markets in Continental Europe, the United Kingdom, Asia, the Middle East, and Africa.
With this transaction, the Group reinforces its global capabilities and strengthens its position among the world’s leading industry players. Diot-Siaci’s dynamism, combined with Ardian’s expertise, will help bolster the Group’s long-term growth trajectory.
Ardian and the Burrus Group will jointly control the company to support Diot-Siaci as it enters a new phase of development
The new capital structure is accompanied by the establishment of joint control governance between Ardian and the Burrus Group, which aims to support this ambitious new phase of growth.
The Group will continue to be Co-Chaired by Pierre Donnersberg and Christian Burrus, and led by Cédric Charpentier, Chief Executive Officer.
This transaction remains subject to approval by the relevant regulatory and competition authorities.
“We are thrilled to be joining forces with the Burrus Group, Pierre Donnersberg and the entire management team led by Cédric Charpentier to support Diot-Siaci in the next stage of its development. Together, we have ambitious plans to make Diot-Siaci the leading independent insurance and reinsurance brokerage group with European roots.”
● Thibault Basquin ● CO-HEAD & CIO OF BUYOUT AND MEMBER OF THE EXECUTIVE COMMITTEE, ARDIAN
“In addition to the commitment from our Buyout fund, we have successfully raised more than €700 million in less than two months from institutional partners to co-invest in this deal, including several sovereign wealth funds and international investors. This demonstrates the confidence of these leading investors in Ardian’s ability to support blue-chip companies in their ambitious growth strategies.”
● Olivier Personnaz ● MANAGING DIRECTOR AND HEAD OF BUYOUT EQUITY CAPITAL MARKETS, BUYOUT, ARDIAN
In this regard, Mubadala is renewing its confidence in the Group by increasing its investment alongside Ardian.
“Diot-Siaci is a company we know intimately, and whose entrepreneurial vision and long-term ambitions we fully share. In a sector undergoing major reorganization, Diot-Siaci has all the assets to play a leading role in the consolidation of the sector.”
● Edouard Level ● DIRECTOR, BUYOUT, ARDIAN
“We’re proud to have supported Diot-Siaci following the merger between Siaci Saint Honoré and Diot four years ago. Since our entry in 2021, its revenues have multiplied by 1.6 times to reach EUR1 billion and, today we can say Diot-Siaci is a leader in the European corporate insurance broker market which we have helped expand into Middle East and Africa. It is another great example of our partnership with management teams in our financial and insurance services portfolio of investments, where we have a demonstrated track record of success over the last three decades.”
● Inaki Echave ● HEAD OF EMEA Private Capital, Ontario Teachers’
“Ardian’s arrival in our capital demonstrates the market’s confidence in the continued development of our Group and its teams, and will enable us to pursue our strategy of strong international growth.”
● CÉdric Charpentier ● CHIEF EXECUTIVE OFFICER, Diot-siaci
“This new shareholding structure gives us the means to go even further and continue our growth in high-potential areas of the world.”
● Pierre Donnersberg & Christian Burrus ● co-CHAIRS, diot-siaci
