.
MergerLinks Header Logo

Announced

Warburg Pincus to acquire K2 Insurance Services from Lee Equity Partners.

Financials

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

Tags

Edit

Single Bidder

Majority

Friendly

Private

Acquisition

Pending

Private Equity

Domestic

Full Line Insurance

insurance agents and brokers

United States

Synopsis

Edit

Warburg Pincus, a private equity firm, agreed to acquire K2 Insurance Services, an independent specialty insurance program manager, from Lee Equity Partners, a private equity firm. Financial terms were not disclosed. "I am incredibly proud of our achievements and growth since K2 was founded over ten years ago. Partnering with Warburg Pincus, who has a long-standing track record of cultivating world-class businesses, reflects the hard work and strong culture of our team, loyalty of our customers, and cements our position as a leading underwriting and distribution franchise in the program insurance market," Bob Kimmel, K2 CEO and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US