PE Firm Offers $1.3B Refinancing For Insurance Broker

Law360, New York (April 17, 2012, 6:24 PM EDT) -- Global specialty insurance product distributor AmWINS Group Inc. is getting a $1.3 billion recapitalization of its finances from New York private equity firm New Mountain Capital LLC that the broker will use to expand its business, the companies announced Tuesday.

New Mountain is stepping in as Parthenon Capital Partners exits a nearly seven-year relationship under which the specialty insurance broker roughly tripled in size and made the Boston- and San Francisco-based private equity firm about four times its initial investment, Brian Golson, managing partner and head...
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