Apax Partners to acquire PIB Group from The Carlyle Group.

Apax Partners, a global private equity advisory firm, agreed to acquire PIB Group, an independent specialist insurance intermediary, from The Carlyle Group. Financial terms were not disclosed. ”With further investment and the significant experience that Apax will offer, we look forward to continuing our ambitious growth plans both in the UK and internationally while putting our customers and colleagues at the forefront of everything that we do. We look forward to our continued success with both Apax and Carlyle as partners,” Brendan McManus, PIB CEO.