Goldman Sachs to invest $1bn in World Insurance at ~$3.4bn valuation
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Goldman Sachs to invest $1bn in World Insurance at ~$3.4bn valuation

Jairo Ibarra
August 21, 2023
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Goldman Sachs Asset Management has agreed to invest around $1bn in World Insurance Associates through an equity deal and a “significant” subordinated debt financing, valuing the broker at roughly $3.4bn.

With the deal, Goldman Sachs joins Charlesbank Capital as co-lead equity investor in the Iselin, New Jersey-based retailer. Charlesbank first took a stake in World over three years ago.

Goldman

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Jairo Ibarra
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