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SIACI SAINT HONORE ANNOUNCES THE COMPLETION OF ITS 100% ACQUISITION OF ADDING

Paris, July 24, 2019

SIACI SAINT HONORE, a leading provider of insurance consulting and brokerage services, has completed the acquisition of ADDING, a company specializing in insurance brokerage, rewards consulting, actuarial services and human capital. This expertise will enable the Group to strengthen its leadership position in Employee Benefits and Consulting.

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Founded by Pascal Mignery, managed by Eric Teboul and owned by the ADDACTIS Group, ADDING is a brokerage and consulting firm specializing in rewards, employee benefits and human capital. ADDING works with human resources departments, finance departments and business sector federations providing a wide range of expertise and services: actuarial valuations, audit, global compensation and benefits strategy and communications, and rewards management software.

With this new acquisition, SIACI SAINT HONORE confirms its strategic focus on human resources consulting and the development of new high value-added offerings for its clients. The perfect synergy between the ADDING and SIACI SAINT HONORE businesses represents new opportunities for development and growth in terms of both key accounts and business sector federations..

« “We are delighted to welcome ADDING, a player which will complement our Consulting expertise, the spearhead of our business,” said Thierry VACHIER, Managing Director in charge of Employee Benefits and Consulting at SIACI SAINT HONORE.

« “ADDING's executive team, its managers and I are confident and pleased to be able to continue to serve our clients with the quality of service we have always provided while benefiting from the support of and natural synergies with the SIACI SAINT HONORE group”. Eric TEBOUL, CEO, ADDING.

 


About:

 

SIACI SAINT HONORE

SIACI SAINT HONORE, a leading provider of brokerage and consulting services in personal and property insurance, designs and develops customized solutions for its large, mid-cap and SME corporate clients. The group assists them over the entire value chain to manage their risks in Property and Casualty, Marine and Cargo, Employee Benefits and Consulting and International Mobility. The firm has almost 3,000 employees, insures more than 2.5 million individuals worldwide and reported turnover of €437.5 million in 2018.
www.s2hgroup.com



About:

 

ADDING

ADDING is a consulting firm specializing in rewards, employee benefits and human capital. ADDING works with human resources departments, finance departments and business sector federations providing a wide range of expertise and services: actuarial valuations, audit, global compensation and benefits strategy, consulting and software tools.
www.adding.fr



List of participants in the ADDING deal
  • Team (seller): Pascal Mignery and Eric Teboul
  • Financial consultant (seller): 3s Finance (Jean-David Sultan)
  • Lawyers (seller): McDermott Will & Emery (Grégoire Andrieux and Herschel Guez)
  • Team (buyer): Pierre Donnersberg, Hervé Houdard, Thierry Vachier, Xavier Corman, Fabien Marchese and Charles Mouchel
  • Financial consultant (buyer): Finexsi (Errick Uzzan)
  • Lawyers (buyer): Enthemis (Jérôme Pétrignet and Grégory Lefranc)