Simpson Thacher is representing Hub International Limited (“HUB”) and Hellman & Friedman in connection with a substantial minority investment in HUB by Leonard Green & Partners, L.P., a leading private equity investment firm based in Los Angeles. The transaction implies a total enterprise value for HUB of $23 billion. Affiliates of Hellman & Friedman will retain a controlling-interest in HUB. The transaction is expected to close in Q3 2023 and is subject to customary closing conditions and regulatory approvals.
HUB is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.
The Simpson Thacher team includes Atif Azher, Naveed Anwar, Sherry Shen, Kristin Rulison, William Perrone, Marina Hernandez and William Lyoo (M&A); William Brentani and Karen Reyes (Capital Markets); Brian Steinhardt, Dorothy Hector and Joel Kushner (Credit); David Rubinsky, Andrew O’Brien and Joshua Stephens (Executive Compensation and Employee Benefits); Russell Light and Ruoxi Zhang (Tax); Lori Lesser, Rachelle Broida and Mark Natividad (Intellectual Property); Sara Razi, Preston Miller, Kelly Karapetyan and Geoffrey Schmelkin (Antitrust); David Blass and Meredith Abrams (Regulatory); and Timothy Mulvihill (Environmental).