Simpson Thacher is representing Hub International Limited (“HUB”) and Hellman & Friedman in connection with a minority common equity investment in HUB of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. The investment is being led by funds and accounts advised by T. Rowe Price Investment Management, Inc., Alpha Wave Global and Temasek, with participation from other new and existing investors. Affiliates of Hellman & Friedman will retain a controlling-interest in HUB. The transaction is expected to close by the end of May 2025.
HUB is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.
The Simpson Thacher team includes Naveed Anwar, Atif Azher, Sherry Shen, Margaret Wilburn, William Lyoo and Abby Kieker (M&A); William Brentani and Karen Reyes (Capital Markets); Russell Light and Ruoxi Zhang (Tax); David Rubinsky and Joshua Stephens (Executive Compensation and Employee Benefits); Sara Razi, Preston Miller, Kelly Karapetyan and Geoffrey Schmelkin (Antitrust); Dorothy Hector and Joel Kushner (Credit); and Meredith Abrams (Regulatory).