AmWINS GroupInc. entered into a partnership with , underwhich Dragoneer will own 35% of AmWINS.
The transaction, which values AmWINS at approximately $2.6billion, will see New MountainCapital LLC exit its investment in the company.
The PublicSector Pension Investment Board will own 30% of AmWINS, and morethan 440 of AmWINS’ employee shareholders will own the remaining 35% of thecompany. Other terms of the transaction were not disclosed.
The transaction is expected to close within the next twomonths, subject to regulatory approvals and closing conditions. RobinsonBradshaw & Hinson served as legal adviser to AmWINS.