PSP-backed AmWINS agrees to partner with Dragoneer Investment
U.S. specialty insurance broker AmWINS Group Inc, which last year secured an investment from Public Sector Pension Investment Board (PSP Investments), has agreed to a partnership with Dragoneer Investment Group, a U.S. investment firm. The deal, which values AmWins at about US$2.6 billion, will provide an exit to U.S. private equity firm New Mountain Capital. With the close, expected within the next two months, Dragoneer will own a 35 percent interest in AmWINS, while Montréal-based PSP Investments will hold a 30 percent interest.
11 October 2016•5 mins read
