FINTECH NEWS & ANALYSIS

Madison Dearborn-backed Navacord buys four Canadian brokers

Navacord Corp has acquired Blackfalds, Alberta-based Ing & McKee, Oakville, Ontario-based Navigo Financial Solutions and Ottawa-based Risk Balance, all property and casualty and group benefits brokers.

Concord Pacific, HB Management to buy HQ Capital Real Estate

Concord Pacific and HB Management have agreed to become majority shareholders of HQ Capital Real Estate.

Altamont Capital-backed Accelerant buys ARU

Accelerant, which is backed by Altamont Capital Partners, has acquired Winston-Salem, North Carolina-based Agribusiness Risk Underwriters, a provider of poultry farm insurance product development, underwriting, and loss control.

PE-backed Hub International buys Global Credit Risk Management

Hub International has acquired Global Credit Risk Management, a Calgary-based provider of accounts receivable and political risk insurance.

Apex to acquire BRL Trust

Apex is planning on acquiring BRL Trust, a Brazilian independent fund administrator.

Hub International acquires Salvatore Insurance Brokers

Hub International has acquired Salvatore Insurance Brokers, a Sackville, Nova Scotia-based commercial insurance provider specializing in the transportation industry.

PE-backed Propel Insurance buys South Risk Management

Propel Insurance, which is backed by Flexpoint Ford, has acquired South Carolina-based South Risk Management, a construction-focused insurance consulting firm.

Intact Financial, Tryg complete acquisition of Britain’s RSA

Intact Financial Corp and Tryg have closed their acquisition of UK-based insurance company RSA Insurance Group.

Charlesbank invests in Los Angeles-based RIA Lido Advisors

The fast-growing RIA serves clients including high-net-worth and ultra-high-net-worth individuals, family offices, corporate executives, non-profit organizations and foundations.

PE-backed DWF acquires Barnescraig & Associates

DWF has acquired Barnescraig & Associates, a Vancouver-based insurance claims management and adjusting business.

Raymond James Financial to acquire secondaries adviser Cebile Capital

Cebile will continue to be led by founder Sunaina Sinha Haldea.
private equity deals, PE Hub

Raymond James hires Blake Otté for financial sponsors investment banking group

Otté was previously the co-head of sponsor coverage for Stout Risius Ross Advisors, where she led a team that executed transactions across a number of sectors.

Mount Logan to acquire Ability Insurance for $20m

Mount Logan Capital has entered into a non-binding agreement to acquire Ability Insurance Company, an Omaha, Nebraska-based insurer and reinsurer of long-term care policies.

FSC completes investment in Spanish consumer finance specialist Ufasa

The investment in Ufasa will support its purchase of Zank, which offers consumers and points-of-sale a fast and easy to use omnichannel financing solution.

Ares to acquire Black Creek Group

Ares Management Corporation has agreed to acquire Black Creek Group's U.S. real estate investment advisory and distribution business.

KKR to take John Laing private: Reuters

KKR has agreed to team up with Equitix to take John Laing private in a $2.84 billion deal, reported deal, reported Reuters.

Apex buys fund services provider Tzur

Apex Group has acquired Israel and New York-based Tzur, a fund services provider.

KKR in talks to buy John Laing Group: Reuters

KKR is in talks to acquire UK-based John Laing Group, an infrastructure investor, reported Reuters.

Klein Enterprises secures up to $200m from Almanac Realty Investors

Almanac Realty Investors, a business unit of Neuberger Berman, has committed up to $200 million to Klein Enterprises.

Gemspring-backed Insurvia buys La Familia Agency

Insurvia, a portfolio company of Gemspring Capital, has acquired Dallas-based La Familia Agency, an independent insurance agency.

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