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T. Rowe Price Investment Management, Inc., Alpha Wave Global, and Temasek are leading the investment through their advised funds and accounts. Additional new and existing investors are also participating.<\/p>\nHub International Limited (HUB), a global insurance brokerage and financial services firm, has secured a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation.<\/p>\n
T. Rowe Price Investment Management, Inc., Alpha Wave Global, and Temasek are leading the investment through their advised funds and accounts. Additional new and existing investors are also participating.<\/p>\n
The company’s valuation has been increasing since Hellman & Friedman (H&F)\u2019s initial $4.4 billion in 2013. It then rose to $10 billion in 2018 with Altas Partners (Altas) acquisition of a minority stake, followed by a further increase to $23 billion in 2023 when Leonard Green & Partners, L.P. (LGP) announced its minority investment.<\/a><\/p>\n Today, the company\u2019s valuation stands at $29 billion, marking the largest enterprise value achieved by a private insurance broker, according to the announcement.<\/p>\n The increased valuation is underpinned by more than a fourfold increase in HUB\u2019s annual revenue during this period, from $1.1 billion in 2013 to $4.8 billion in 2024.<\/p>\n Recurring investment in Hub, reflects continued investor confidence in the company\u2019s profitable growth and focus on middle\/upper middle markets.<\/p>\n Key drivers for Hub\u2019s consistent organic growth, the firm stated, include industry-leading net new business performance, ongoing focus on cross-selling, seamless M&A integration, new distribution channels and digital solutions, and talent acquisition.<\/p>\n Marc Cohen, Chairman and CEO, HUB International, said: \u201cHUB\u2019s unparalleled middle market experience over the past 25+ years delivering industry and product specialization and risk management solutions brings a significant differentiation and level of expertise to our clients.<\/p>\n \u201cOur ongoing investments in innovation, proprietary products, and strategic M&A, along with our commitment to learning and development, has led to consistent performance and strength in our organic growth and new business generation.\u201d<\/p>\n This transaction, expected to be completed by the end of May 2025, continues HUB\u2019s commitment to shareholder liquidity through its Liquid Private Placement (LPP), initiated with LGP\u2019s 2023 investment.<\/p>\n Due to low selling interest, the proceeds allow to provide primary capital for growth initiatives and other general corporate purposes, such as acquisitions, debt repayments, and maintaining excess cash on HUB\u2019s balance sheet, the firm explains.<\/p>\n H&F will retain a controlling interest in HUB, while the company\u2019s management team will continue to hold a significant equity position. Altas and LGP will remain significant minority shareholders and will continue to be represented on HUB\u2019s board of directors.<\/p>\n The company expects that the investment proceeds will not be used for secondary redemptions of existing equity holders.<\/p>\n \u201cOur long-term relationship with HUB speaks volumes of the caliber of the organization,\u201d said Hunter Philbrick, Partner at Hellman & Friedman. \u201cAs the fifth largest broker in the world and a leader in servicing the middle market, they\u2019ve displayed a level of focus that has and continues to drive significant growth.\u201d<\/p>\n Morgan Stanley Smith Barney LLC and Goldman Sachs & Co. LLC served as financial advisors to HUB and Simpson Thacher & Bartlett LLP served as legal counsel to HUB.<\/p>\n The post HUB secures minority investment of $1.6bn reaching $29bn valuation<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Hub International Limited (HUB), a global insurance brokerage and financial services firm, has secured a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. T. Rowe Price Investment Management, Inc., Alpha Wave Global, and Temasek are leading the investment through their advised funds and accounts. Additional new […]<\/p>\n","protected":false},"author":1,"featured_media":3936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3934"}],"collection":[{"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=3934"}],"version-history":[{"count":3,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3934\/revisions"}],"predecessor-version":[{"id":3938,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3934\/revisions\/3938"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/3936"}],"wp:attachment":[{"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=3934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=3934"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=3934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\n![\"Download](\"http:\/\/www.calebdewey.com\/wp-content\/uploads\/2025\/05\/catastrophe-bond-ils-market-report-q1-2025-728x90-2.png\")
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