BlackFin Capital Partners, a private equity firm specialized in the financial services sector, acquires a majority stake in Groupe Santiane (www.groupe-santiane.fr).
Group Santiane, created in 2006 in Nice, is the French leader of insurance brokerage specializing in individual health and protection insurance policies. The company is located in Paris and Nice and employs about 240 people. The Group relies on two core activities: retail insurance brokerage, through the website santiane.fr, and wholesale brokerage, through a network of partner brokers, under the brand Néoliane.
This transaction allows BlackFin to become Group Santiane’s largest shareholder alongside its founder, Chirstophe Courtin, and the group’s top management, directed by Pierre-Alain de Malleray.
BlackFin’s objective is to boost the group’s development, particularly by growing of the partner brokers’ network and launching complementary products as dependance, protection and pets’ insurance.
Laurent Bouyoux, President of BlackFin Capital Partners, declares : “ We are impressed by the Group Santiane’s skyrocking growth. In less than 10 years, it became the French leader in retail brokerage. Thanks to the group strong expertise and assets, as it proprietary IT platform, the group will reach an undoubted success in other market segment, as they brilliantly did in health insurance.”