Simpson Thacher is representing Hub International Limited (“Hub”) and Hellman & Friedman in connection with a minority investment in Hub by Altas Partners, a long-term oriented investment firm based in Toronto, Canada. The transaction implies a total enterprise value for Hub of over $10 billion. Affiliates of Hellman & Friedman will remain the largest investor in Hub. Additional terms of the transaction were not disclosed. The closing of the transaction is subject to the satisfaction of regulatory approvals and customary conditions.
Hub is a leading insurance broker in North America and provides a broad array of insurance-related products and services, including property and casualty, employee benefits, life and health, and risk management.
The Simpson Thacher team includes Atif Azher, Usman Arain, Simon Chiu, Jeremy Bethel and Kira Mandella (M&A); William Brentani, Kim de Glossop and Karen Reyes (Capital Markets); Jackie Clinton (Tax); David Rubinsky, Erin Murphy and Annie Kim (Executive Compensation and Employee Benefits); Marcela Robledo (Intellectual Property); David Blass and Chris Martini (Regulatory); and Timothy Mulvihill (Environmental).