Announced
Completed
Financials
Tags
Completed
Acquisition
Friendly
Private Equity
Cross Border
Private
Single Bidder
Majority
Full Line Insurance
retail insurance
insurance agency
Ireland
Synopsis
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.
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