Announced
Financials
Tags
Ireland
Acquisition
Private
Single Bidder
Majority
Pending
retail insurance
Private Equity
insurance agency
Full Line Insurance
Friendly
Synopsis
Private equity firms Madison Dearborn Partners and HPS Investment Partners are set to acquire Arachas Corporate Brokers, a commercial insurance brokerage, from Sovereign Capital Partners, a private equity firm. Financial terms were not disclosed. “This has been a fantastic period of expansion and development for the group. Sovereign has been a highly supportive investor providing both financial and strategic capability. We are well-positioned to continue to flourish in what is an exciting insurance market," Conor Brennan, Arachas CEO.
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