M&A Deal Summary

Latour Capital Acquires Santiane Group

On October 9, 2020, private equity firm Latour Capital acquired insurance company Santiane Group from BlackFin Capital Partners for 200M EUR

Acquisition Highlights
  • This is Latour Capital’s 1st transaction in the Insurance sector.
  • This is Latour Capital’s largest (disclosed) transaction.
  • This is Latour Capital’s 16th transaction in France.

M&A Deal Summary

Date 2020-10-09
Target Santiane Group
Sector Insurance
Buyer(s) Latour Capital
Sellers(s) BlackFin Capital Partners
Deal Type Secondary Buyout
Deal Value 200M EUR

Target

Santiane Group

Paris, France
website
Santiane Group is an insurance firm specializing in health insurance brokerage for individuals and companies. Santiane Group was founded in 2006 and is based in Paris, France.

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Buyer(S) 1

Buyer

Latour Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Latour Capital is a French private equity firm focused on buyouts, divestitures, and growth capital investments in Western Europe. Latour pursues companies valued between €50 and €300 million where it can invest €15 to €45 million. Latour Capital is sector agnostic, but the Firm has a preference for business services companies. Latour Capital was formed in 2011 and is based in Paris.


DEAL STATS #
Overall 16 of 21
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 6 of 8
Country (France) 16 of 19
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Syclef

Rousset, France

Syclef designs, installs, and maintains refrigeration and air conditioning equipment and operates in the commercial refrigeration, food processing, and air conditioning markets. Its diversified portfolio of recurring customers is composed of independent or integrated stores and of industrial specialists of the food market. Syclef was founded in 2003 and is based in Rousset, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Kandelium

Bad Honningen, Germany

Kandelium is a barium and strontium, and sodium percarbonate Businesses. Kandelium is based in Bad Honningen, Germany.

Buy -

Seller(S) 1

SELLER

BlackFin Capital Partners

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 620M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BlackFin Capital Partners is a private equity firm focusing on financial services across continental Europe. The firm strategy focuses primarily on asset-light businesses in the financial services sector. BlackFin looks to invests €10 - €30 million in companies. BlackFin Capital Partners was formed in 2009 and is based in Paris, France additional office in Germany and France, Belgium.


DEAL STATS #
Overall 6 of 9
Sector (Insurance) 1 of 3
Type (Secondary Buyout) 3 of 5
Country (France) 4 of 5
Year (2020) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 Memo Bank

Paris, France

Memo Bank is a provider of a full spectrum of banking products to its target clients small and medium businesses. Having built its entire technology stack from the ground up, clients are able to benefit from a modern banking experience and enjoy the security of being served by a regulated entity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 LSA Courtage

Rueil-Malmaison, France

LSA Courtage is an online insurance brokerage platform specializing in P&C products in France for individuals and small corporates, which are distributed under its own brands or under white label. The company’s 135 employees work in support of the largest insurers in the French market with extensive underwriting and management capacities. LSA distinguishes itself by its particularly strong position in underserviced areas of the market as well as its use of new technologies in insurance distribution and management. LSA Courtage was founded in 1970 and is based in Rueil-Malmaison, France.

Sell -