private equity News

Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with sellers looking to avoid …

UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC

Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC and continue to hold a significant stake in …

Carlyle Group Leads $150 Million Investment in Alera Group to Fund Acquisitions

New York-based investment firm The Carlyle Group led a $150 million investment for Deerfield, Illinois-based Alera Group, the property/casualty, employee benefits insurance broker that is privately-held company and backed by Genstar Capital and Alera employees. Alera plans to use proceeds …

Private Equity Firm Thoma Bravo to Acquire Insurance Software Firm Majesco for $594M

Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the company at $594 million. Following the closing of …

Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention

The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most of the busiest buyers are private equity …

Searchlight Capital to Acquire Majority Stake in UK’s Global Risk Partners

Insurance intermediary Global Risk Partners announced a major investment into the firm from Searchlight Capital Partners, a global private investment firm. Founders Peter Cullum and David Margrett and founding investor Penta Capital will all retain minority stakes, alongside the broader …

Genstar Capital to Succeed Lovell Minnick as Investor in Worldwide Facilities

Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …

Chubb Expands Insurance Coverage in Canada for Private Equity Firms

Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …

French Insurer April Attracts Interest From Private Equity Firms CVC, KKR

French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, according to people familiar with the matter. …

Ryan Specialty Group Gets $175 Million Investment from Private Equity Firm Onex

Chicago-based Ryan Specialty Group said Onex Corp. has invested $150 million of preferred equity and $25 million of common equity as capital for RSG to continue its mergers and acquisitions activity. No other terms of the agreement were released. Founded …