Capital/Financing Update • Jul 4, 2011
Capital/Financing Update
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Siaci Saint-HonorÄ's shareholders carried out a refinancing transaction in order to devise a new capital structure. This transaction also allows talented executives to join the newly created holding company.
As a result, Paris OrlÄans reduced its stake from 14.9% to 9.9%, thereby generating a total capital gain of €32.8 million on its 2007 €27 million reinvestment.
Following the merger in 2007 of "Siaci" and "Assurance et Conseils Saint-HonorÄ", "Siaci Saint-HonorÄ" has become the 5th largest French insurance brokerage firm.
The Company engages in the coverage of industrial risks and employee benefits (health, life and retirement), in France and internationally. Its partnership with the leading European insurance broker, namely JLT, fuels its international expansion and strengthens its leading position in the travel insurance and the expatriates' health coverage industries. JLT rolls over its entire stake into the new holding company. Today, Siaci Saint-HonorÄ has more than 1,000 employees and generated revenues of over €170 million.
Paris OrlÄans, the holding company of the Rothschild group, focuses on two businesses:
- Banking activities, including investment banking, private banking and third-party asset management. These businesses are supported by a network of offices located in the main financial centers across the world.
- Management of a self-funded Private Equity portfolio diversified in terms of both business sector and type of investment.
Paris OrlÄans is a French public limited company (SociÄtÄ anonyme) with a Management Board and a Supervisory Board and share capital of €64,747,030 - Paris Registry of Companies (RCS) no. 302 519 228 Registered office: 23 bis, avenue de Messine 75008 PARIS - www.paris-orleans.com
Paris OrlÄans is listed on NYSE Euronext Paris - Compartment B
ISIN Code : FR0000031684 - MNEMO : PAOR Contact: +33 1 53 77 65 10 - [email protected]
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