International insurance policies brokerage Hub Global Confined has introduced the completion of a considerable minority investment by funds managed by Altas Associates. The transaction implies a overall company value for Hub of more than $10 billion.
Money managed by Hellman & Friedman (H&F), a San Francisco-based private-fairness investment decision firm, stay the largest investor in Hub, the enterprise explained. Hub’s administration workforce also proceeds to keep a significant equity posture.
Altas Associates is a Toronto-centered financial commitment firm with a extended-time period orientation. The company focuses on obtaining substantial interests in current market-major businesses.
Hub, headquartered in Chicago, offers house and casualty, lifestyle and health, staff advantages, investment decision and hazard management goods and companies. The business boasts much more than 11,000 workforce in workplaces through North The us.