Altas Partners’ Minority Investment in Hub International

Simpson Thacher is representing Hub International Limited 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 (Picture), Usman Arain, Simon Chiu, Jeremy Bethel and Kira Mandella (M&A); William Brentani, Kim de Glossop and Karen Reyes (Capital Markets); Katharine Moir and 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).

 

Involved fees earner: Atif Azher – Simpson Thacher & Bartlett; Usman Arain – Simpson Thacher & Bartlett; Simon Chiu – Simpson Thacher & Bartlett; Jeremy Bethel – Simpson Thacher & Bartlett; Kira Mandella – Simpson Thacher & Bartlett; William Brentani – Simpson Thacher & Bartlett; Kim de Glossop – Simpson Thacher & Bartlett; Karen Reyes – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Annie Kim – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; David Blass – Simpson Thacher & Bartlett; Christopher Martini – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Hellman & Friedman; Hub International Limited;