Private equity firm completes its acquisition of Hub

Hellman & Friedman LLC purchases brokerage for $4.4 billion

Hellman & Friedman LLC, a US-based private equity firm, has acquired Hub international for $4.4 billion (USD).

Hut has also announced that it has completed the funding of a $2.1 billion Senior Secured Credit Facility, and a $950 million private offering of Senior Unsecured Notes.

Read: Hub sold to another private equity firm

“We are very excited to move forward with our new partner, Hellman & Friedman. This transaction will strengthen our company’s already solid foundation and enhance our ability to build Hub well into the future,” said Martin Hughes, chairman and chief executive officer of Hub, in a press release.

Read: The latest M&A news

“Hub is an exceptional organization and has established itself as a market leading, premier insurance brokerage,” said David Tunnell, managing director of Hellman & Friedman. “We are excited to partner with the Hub team and to support them in their next stage of growth going forward.”

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