PSP Investments invests in U.S. specialty insurance provider AmWINS
The private equity group of Public Sector Pension Investment Board (PSP Investments) has made a strategic investment in AmWINS Group Inc, a distributor of specialty insurance products and services headquartered in Charlotte, North Carolina. The investment values the company at more than US$2.3 billion. As a result of the transaction, AmWINS is now equally owned by PSP, U.S. private equity firm New Mountain Capital, and the company's employees. The Montréal-based PSP, which currently has a $5 billion co-investment portfolio comprised of 12 businesses, including AmWINS, said the investment will support the company's continued global expansion.
21 April 2015•4 mins read
