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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding. -
Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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This publication revealed in July that Aperture had retained Deloitte for the sale.
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Risk Strategies looks like the deal that makes most sense, but other targets could include Galway or Hilb.
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Sources said the platform has retained Barclays and Goldman Sachs to run a process.
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Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
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The new, publicly listed specialty program group will be led by Luke Ledbetter.
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Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker.
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The Montreal broker will use the funds to expand its Canadian operations.
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Sources said the ~C$55mn Ebitda business retained RBC to run the strategic review.
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In March, Insurance Insider US revealed that Arden had retained Dowling Hales to find an investor.
