Apax, Morgan Stanley Exploring $2B Sale Of Hub Int'l

Law360, Los Angeles (April 11, 2013, 9:47 PM EDT) -- Apax Partners LLP and Morgan Stanley Investment Management Inc. are reportedly looking to sell insurance broker Hub International Midwest Ltd. in a deal valued at roughly $2 billion.

The potential Hub deal was confirmed this week by two individuals familiar with the situation, according to Reuters. It would reportedly come nearly six years after the capital investment vehicles took the global insurance company private for $1.8 billion, including $145 million worth of debt.

However, the possible sale of the Chicago-based company to as-yet-unidentified buyers is in...
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