Hellman & Friedman's $4.4 bln buy of Canadian-born Hub completed
The previously announced US$4.4 billion acquisition of Hub International Ltd, a global insurance brokerage, by U.S. private equity firm Hellman & Friedman has been completed. The private equity sellers are Apax Partners and Morgan Stanley Principal Investments, which bought the company for US$1.8 billion in 2007. The Chicago-based Hub was founded in 1998 through a merger of 11 Canadian insurance brokerages and continues to have significant operations and employees in Canada. Canadian counsel on the deal was provided by Torys LLP.
3 October 2013•2 mins read
