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New Deal


Announced

Arthur J. Gallagher to acquire a 30% stake in ACE from MIG Holding.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

insurance services

Pending

Private

Minority

Bahrain

Cross Border

Acquisition

Insurance Brokers

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Synopsis

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Arthur J. Gallagher, an insurance services provider, agreed to acquire a 30% stake in ACE, an insurance brokerage firm in MENA, from MIG Holding, a financial services provider. Financial terms were not disclosed. “We are glad to have been able to reach this landmark agreement with Gallagher, a professional, ethical and reputable global insurance brokerage, at such challenging times, when the world economies and markets are negatively impacted with the COVID 19 crisis. This partnership will enhance the international reach and capabilities of ACE and will support our expansion plans.” Nagib Bahous, MIG Holding President and CEO.

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