Blackstone has sealed a deal to buy a small minority stake in Higginbotham, as outside capital got an opportunity to invest in the high-performing Texan retail broker for the first time in 15 years, Insurance Insider US can reveal.
With...
Blackstone invests $300mn in Higginbotham as Stone Point trims stake
Sources said the deal between the PE firms valued the broker at in excess of 16x Ebitda, or $4bn+.