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Latham & Watkins Advises Leonard Green & Partners in Hub International Investment
April 28, 2023
Members of the firm’s Private Equity Practice represent LGP in its substantial minority investment into the global insurance brokerage.
Hub International Limited (HUB), a leading global insurance brokerage, has announced that it has entered into an agreement with Leonard Green & Partners, L.P. (LGP), a Los Angeles-based private equity firm. With a current total enterprise valuation of US$23 billion, which represents the largest enterprise value to date for a private insurance broker, HUB expects to receive a substantial minority investment from funds managed by LGP.
Latham & Watkins LLP represents LGP in the transaction with a corporate deal team led by New York partners John Giouroukakis and Eyal Orgad, with associate Saïd Bakir.