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Insurance Brokerage Hub To Be Sold for About $4.4B

Hub International Ltd will be sold to funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion, Hub said on Monday.

By Reuters | Updated on August 05, 2013

(Reuters) – Hub International Ltd will be sold to funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion, Hub said on Monday.

Buyout firm Apax Partners and Morgan Stanley’s private equity arm were exploring the sale of Hub after taking it private six years ago for about $1.8 billion, including $145 million of debt, Reuters reported in April, citing sources.

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