Apax IX to Co-Invest With GTCR-led Investor Group in Acquisition of AssuredPartners
02.22.19
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The Firm is representing Apax IX, a fund advised by Apax Partners, in its pending significant minority co-investment with a GTCR-led investor group in connection with the investor group's acquisition of AssuredPartners, Inc. from Apax VIII, a separate fund advised by Apax Partners.
AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1.1 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States. Headquartered in Lake Mary, Florida, the company operates from 200 offices across 30 states and London, England.
The Simpson Thacher team includes Ryerson Symons, Zachary Gennett and Nina Bakhtina (M&A); Gary Mandel and Sophie Staples (Tax); Andrew Blau and Jason Fixelle (ECEB); Sara Razi, Ellen Frye and Kelly Karapetyan (Regulatory).