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Tags: insurance | brokerage | sale | Hub

Insurance Brokerage Hub to be Sold for About $4.4 Billion

REUTERS Monday, 05 August 2013 09:32 AM EDT

Hub International Ltd. said it would be bought by funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion.

Buyout firm Apax Partners and Morgan Stanley's private equity arm took Hub private six years ago for about $1.8 billion, including $145 million of debt.

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