Target: Confie Seguros
Sponsor: ABRY Partners
Seller: Genstar Capital
Financial Adviser: Sponsor: Sica Consultants Inc.; Seller: J.P. Morgan Securities LLC, RBC Capital Markets
Genstar Capital made 5x its invested capital on Confie Seguros, an insurance brokerage roll-up the firm recently sold to ABRY Partners, a source close to the firm told Buyouts.The healthy return should help the San Francisco-based buyout firm as it looks to wrap fundraising for its sixth buyout fund. The firm is “pretty much done” raising the fund, Managing Director Ryan Clark told Buyouts. Confie Seguros is an ...