The Ardonagh Group completed the acquisition of Arachas from Madison Dearborn Partners and HPS Investment Partners for €302m.

The Ardonagh Group, the UK's largest independent insurance broker, completed the acquisition of Arachas, a commercial insurance brokerage, from Madison Dearborn Partners and HPS Investment Partners, two private equity firms, for €302m ($343m). Ardonagh and Arachas share an affinity for delivering exceptional customer service and building innovative solutions that ensure a seamless service delivery for insurance customers.