Hellman & Friedman explores insurance broker HUB stake sale: Reuters
U.S. buyout firm Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd in a deal that could value one of the largest North American insurance brokerages at between US$6 billion and US$7 billion, sources told Reuters. Hellman & Friedman, which acquired Hub in 2013, has hired an investment bank to explore the stake sale, the sources said. Several private equity firms, sovereign wealth funds and public pension funds are considering an investment. Chicago-based HUB provides insurance products through more than 400 brokerages across Canada and the United States. It was founded in 1998 with the merger of 11 privately held Canadian brokerages.
17 August 2017•2 mins read
