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Hellman & Friedman may sell stake in HUB International: report | Canadian Insurance
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Hellman & Friedman may sell stake in HUB International: report

The private equity firm originally bought the brokerage in 2013

Hellman & Friedman LLC is considering selling a stake in HUB International Ltd., according to anonymous sources that spoke to Reuters.

The deal could see the value of HUB declared as between US$6 billion and US$7 billion, including debt. The size of the potential deal is not cited but sources say that Hellman & Friedman would still maintain control over HUB if a sale were to occur, states Reuters’ article.

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Hellman & Friedman originally bought HUB four years ago from private equity firm, Apax Partners LLP, for US$4.4 billion including debt.

Hellman & Friedman is a private equity investment firm that was founded in 1984. It counts many of the largest U.S. and international public pension funds, sovereign wealth funds, corporate pension funds, university endowments and foundations among its investors. The company has raised more than US$35 billion on committed capital and invested in more than 80 companies, according to the company’s website.

Reuters’ full story on the potential deal is available on its website.