Hellman & Friedman to Buy Hub International for $4.4 Bln

Hellman & Friedman LLC has agreed to buy Hub International in a deal valued at $4.4 billion. The sellers are Apax Partners and Morgan Stanley’s private equity arm. Chicago-based Hub is an insurance brokerage with more than 6,500 employees in the U.S., Canada and Brazil. Hub’s senior management will continue to have a significant equity position. BofA Merrill Lynch, Morgan Stanley Senior Funding, Inc. and RBC Capital Markets are providing debt financing. BofA Merrill Lynch, Morgan Stanley & Co. LLC and Stephens Inc. provided financial advice to Hub and Apax.

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