Canadian-Born HUB to be Acquired for $4.4B by Hellman & Friedman
Hub International Ltd., a global insurance brokerage, has agreed to be acquired by U.S. private equity firm Hellman & Friedman in a deal that values the company at approximately US$4.4 billion. The private equity sellers are Apax Partners and Morgan Stanley Principal Investments, which bought HUB for US$1.8 billion in June 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.
8 August 2013•4 mins read
