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Hub International Announces Minority Investment By Altas Partners

by vcaonline.com posted 11months ago 54 views
CHICAGO, October 17, 2018-- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has entered into an agreement with Altas Partners (Altas), a long-term oriented investment firm based in Toronto, Ontario. Under the agreement, Hub expects to receive a substantial minority investment from funds managed by Altas. Funds managed by Hellman & Friedman (H&F) will remain the largest investor in Hub and the company's management team will continue to hold a significant equity position. The transaction implies a total enterprise value for Hub of over $10 billion.

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