Hellman & Friedman LLC Completes US$4.4B Acquisition of Hub International Limited
|Areas||Competition, Antitrust and Foreign Investment, Corporate and Commercial, Tax|
Goodmans acted as Canadian counsel to Apax Partners and Hub International Limited ("Hub") with respect to the sale of Hub by Apax Partners to Hellman & Friedman LLC (“H&F”) for approximately US$4.4 billion. In connection with the closing of the transaction, Hub also completed the funding of a US$2.1 billion Senior Secured Credit Facility and a US$950 million private offering of Senior Unsecured Notes.
Headquartered in Chicago, Illinois, Hub is a leading global insurance brokerage providing property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada, and Brazil.
H&F is a leading private equity investment firm with offices in San Francisco, New York and London. Since its founding in 1984, H&F has raised and, through its affiliated funds, managed over $25 billion of committed capital.