Broker Takes Stake In International Arm From PE Owners

Law360, New York (May 1, 2012, 5:22 PM EDT) -- Lockton Inc., the largest privately held insurance broker in the world, bought a minority stake in its own international operations from Connecticut private equity firm Stone Point Capital LLC, according to an announcement Tuesday.

Lockton acquired the stake from Stone Point's Trident III LP investment fund for an undisclosed sum, according to a statement issued Tuesday by Debevoise & Plimpton LLP, Stone Point's legal adviser on the deal.

The companies did not disclose financing or other terms of the transaction, which gives the Kansas City, Mo.-based...
To view the full article, register now.