Kirkland & Ellis advised Apax VIII, a fund advised by Apax Partners, a leading global private equity advisory firm, and AssuredPartners, a leading US insurance brokerage, on the sale of AssuredPartners to an investor group led by GTCR. Apax IX, a separate fund advised by Apax Partners, is also investing in the transaction. Terms of the transaction were not disclosed. The transaction is expected to complete in the second quarter of 2019.
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The Kirkland team was led by transactional partners Sri Kaushik, Dvir Oren and Abhishek Kolay and associate Adam Clifford; and debt partners Jay Ptashek, Nick Schwartz and Jessica Woolf.