Capital raising
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The deal, revealed by this publication in December, values the firm at $14bn. -
Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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The Florida homeowners’ InsurTech went public today at $17 per share.
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The exchange is backed by $100mn in funding from CD&R and others.
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GCP retains a controlling interest in the Californian retail brokerage.
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White Mountains invested $150mn in the retail platform earlier this year.
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The Series C brings the company's valuation to $2.1bn, its highest to date.
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The offering comes after Acrisure’s $2.1bn convertible pref share raise.
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The deal values the company, formerly PCF, at roughly $5.7bn.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
