Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian.
Financial details of the deal were not disclosed.
As a long-standing shareholder of the group since 2015, Ardian is now increasing its stake in Diot-Siaci to become its main financial shareholder by acquiring the shares held by Ontario Teachers’, Bpifrance, Cathay Capital and other minority shareholders.
Upon comple…