Apax Closes on Acquisition of Hub

June 14, 2007

The acquisition of all common shares of Hub International Limited by funds advised by Apax Partners together with Morgan Stanley Principal Investments has been completed for $41.50 per share.

As a result of the acquisition, Hub’s common shares will cease trading on the New York Stock Exchange and the Toronto Stock Exchange prior to market open tomorrow, and will be delisted from both exchanges.

Headquartered in Chicago, Hub International Limited is an insurance brokerage with offices located in the United States and Canada.

Apax Partners is a private equity investment group with funds under advisement in excess of $20 billion around the world.


Topics Mergers

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