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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers. -
Insurance Insider revealed yesterday Stone Point will join Madison Dearborn and HPS as shareholders.
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A look back at the year in (re)insurance, with the aid of some of our visual journalism.
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The minority deal values the broker at around 16x-17x Ebitda against a challenging financing backdrop.
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The broking business will transfer along with four unknown assets owned by the PE backer.
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The company has been buying out Omers’ shares since 2015.
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The move follows objections from the Singapore government.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The business will test the market from a position of strength after impressive early profits and robust growth.
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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
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The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
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If the deal is finalised, it will represent the largest in the acquirer’s history.
