St. Andrews Insurance Brokers Ltd has sold a book of commercial lines business to Hub International HKMB Ltd, a Chicago-based insurance broker with significant operations in Canada. The financial terms of the transaction were not disclosed. Based in Vaughan, Ontario, St. Andrews is a full-service insurance brokerage. Hub was acquired in October 2013 by U.S. private equity firm Hellman & Friedman from its previous private equity owners for US$4.4 billion.
1 min read · 05 May 2014
The Jordan Company LP has raised $3.2 billion for its third private equity fund, people familiar with the matter said, highlighting investor appetite for the mid-market sector involving buyouts of midsize companies.
1 min read · 05 May 2014
Sterigenics, a sterilization services provider owned by U.S. private equity firm GTCR LLC, raised its buyout offer for Nordion Inc to US$758 million from US$727 million on Monday, after the Canadian medical isotope supplier received a rival bid from an unnamed buyer, Reuters reported. Ottawa-based Nordion said that its shareholders will now be entitled to receive US$12.25 per share in cash. GTCR acquired Sterigenics, a Deerfield, Illinois-based provider of sterilization services, in 2011.
1 min read · 05 May 2014
IK Investment Partners has asked rival buyout groups to submit bids for Germany-based fire extinguisher maker Minimax by the end of this month, three people familiar with the process said.
1 min read · 05 May 2014
2 min read · 05 May 2014
1 min read · 05 May 2014
2 min read · 05 May 2014
1 min read · 05 May 2014
1 min read · 05 May 2014
The expected sale of the Los Angeles Clippers basketball team is drawing interest from billionaires such as Oprah Winfrey and media mogul David Geffen, but there has been scant interest from private equity types.
3 min read · 02 May 2014
