Apax generates big return from $4.4 billion sale of global insurance broker Hub International.
FORTUNE -- Private equity firm Hellman & Friedman this morning announced an agreement to acquire Chicago-based insurance broker Hub International for approximately $4.4 billion. The primary seller would be Apax Partners, which took Hub private in 2007 for approximately $1.8 billion.
Some notes on the deal:
1. The 2007 take-private included around $700 million in equity, from Apax, Morgan Stanley Principal Investments MORE