IFLR1000

Willis Group €550 million acquisition of Gras Savoye

29/12/2015
Public acquisition
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€ 550 million

$ 585.098 million

Completed

29/12/2015

Overview:

  • Global insurance broker Willis Group bought the remaining 70% of the shares in French insurer Gras Savoye, that it did not already own, for €550 million, from Astorg Partners and other shareholders. 
  • The group will become part of the Willis Group, but will maintain it's own branding. 
  • Gras Savoye’s net revenue was approximately €370 million in 2015. 

John Crabb - Journalist

Jurisdictions:

France
United Kingdom

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

France

Industry sector:

Insurance

Firms:
Clifford Chance

Party: Willis Group (Acquirer)

Lawyers: Itır Çiftçi, Sue Palmer

King & Wood Mallesons

Party: Astorg Partners (Shareholder)

Stephenson Harwood

Party: Gras Savoye (Management)

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