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New Deal


Announced

Completed

Ardonagh completed the acquisition of the insurance brokerage business of BGC for $500m.

Financials

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Transaction Value£353m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

Friendly

Acquisition

Majority

Domestic

insurance broking services

Insurance Brokers

Single Bidder

Private Equity

Completed

Synopsis

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Ardonagh, an insurance company, completed the acquisition of the insurance brokerage business of BGC, an American global financial services company, for $500m. "We have been clear and consistent about our plans to express the value of BGC's assets. This transaction demonstrates our commitment to increase shareholder value and focus our interest on Fenics, which we believe represents the greatest opportunity for our Company," Howard Lutnick, BGC Chairman and CEO.

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