Kirkland & Ellis represents Altas Partners, a substantial minority investor in insurance brokerage Hub International Limited (HUB), which announced on April 28 that it has entered into an agreement with Leonard Green & Partners (LGP) to receive a substantial minority investment from funds managed by LGP. In 2018, HUB’s revenue exceeded $2 billion and its valuation had grown to $10 billion in connection with Altas Partners’ substantial minority investment in the company. In 2022, HUB hit $3.7 billion in annual revenue and is valued at $23 billion today, which represents the largest enterprise value to date for a private insurance broker.
The Kirkland team was led by corporate partners Keri Schick Norton and Michael Weisser and associate Alana Siegel; and tax partners Jared Rusman and Vincent Thorn.
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