Activity :
Financial services
Customer :
Sol Mondo
Acquirer :
Diot-Siaci
Advice :
Nicolas Ibanez, Florian Leginy
About Largillière Finance
With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
Sales - 2023
New transaction in the financial services sector for Largillière Finance: the investment bank has advised the Parisian firm Sol Mondo, an expert in political and financial risks, in its merger with Diot-Siaci, the leading insurance brokerage and consulting firm in France.
Founded in 1999 by France Arnaud, the Paris-based firm Sol Mondo has developed a highly specialized and recognized expertise in the field of political risks and the issuance of guarantees by and with insurers. Sol Mondo accompanies almost exclusively large accounts from protected sectors (Defense, Aeronautics, Energy, ...). The insured contracts are between 10 M€ and +1 Mds€.
The Diot-Siaci group is a multi-specialist insurance and reinsurance consulting and brokerage group. It also has a strong international presence, particularly in Europe, Asia, the Middle East and Africa.
Diot-Siaci is the leading broker in France with revenues of nearly €730 million in 2021, and is pursuing its growth through an active buy & build strategy. This acquisition allows Diot-Siaci to strengthen its CPRI (Credit and Political Risk Insurance) business, in which the firm will be a central element. With Sol Mondo and its own staff, Diot-Siaci already has a team of about ten people - six of whom are from the acquired firm.
Philippe Puigventos, Chairman of Diot-Siaci Crédit and member of the group’s executive committee:
“The political risk brokerage market is estimated at more than €500M worldwide, and more than 50% is insured by Lloyd’s in London. Today, there is a real challenge in defending France’s foreign trade, notably supported by a parliamentary mission, yet there are very few French players positioned in this type of risk. We want to offer a French alternative to banks, large groups and SMEs to cover their international investments and exports”.
Florian Leginy, M&A Vice-President at Largillière Finance:
“Sol Mondo is an ultra-specialized broker on complex risks. One of the challenges of the transaction was to identify the few French players who could position themselves. We would like to thank France Arnaud for the trust she placed in us and we are happy to accompany her in this transfer to the French and European leader in insurance brokerage.
With more than 35 employees, a strong international presence and nearly 30 operations in 2022, Largillière Finance confirms its leader position in small and midcap in France.
2021 – Fusions & Acquisitions – Opérations Small Cap – Banque d’affaires – France 2021 – Capital investissement – Opérations LBO Small Cap – Banque d’affaires – France
Investment Banking: Growth Dynamics: Silver Trophy 2022 M&A Advisory: Retail & Consumer Goods, FIG, TMT, Industry: 2021 Silver Trophy.About Largillière Finance
With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
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