Onex makes $175 mln investment in Ryan Specialty Group
Canadian private equity firm Onex Corp has made a US$175 million long-term investment in Ryan Specialty Group LLC (RSG), a Chicago-based specialty insurance organization that provides solutions for brokers, agents and insurance carriers. Onex is investing US$150 million of preferred equity and US$25 million of common equity on a direct basis. Founded in 2010 by Chairman and CEO Patrick Ryan, RSG's global operation includes a wholesale brokerage firm, RT Specialty, and a collection of managing general underwriting companies within RSG Underwriting Managers. Last year, Onex closed its fifth flagship fund, Onex Partners V, raising US$7.15 billion.
4 June 2018•3 mins read
