January 22, 2025
-
The insurer will be a cornerstone investor in the manager’s new PE platform. -
Sources said Jefferies and RBC have been retained to advise on the sale process.
-
The MGA platform has launched more than 20 new vehicles since 2021.
-
The driving forces which underpinned the boom in the MGA market all look markedly different from three years ago.
-
Its platform includes a US-based E&S carrier, a Lloyd's syndicate, two coverholder MGAs and more.
-
Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
-
The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
-
Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
-
Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
-
The PE firm held 3.1% of the company’s shares, but will now hold none.
-
Sources said that the New York-based InsurTech retained Evercore to advise on the process.
-
The transaction is Davies’ largest strategic M&A addition to date.
Most Recent
Tag(s):
