Press Release

Kirkland Advises Apax Funds on Acquisition of PIB Group

Kirkland & Ellis is advising funds managed by Apax Partners on its acquisition of the PIB Group (“PIB”), a leading independent specialist insurance intermediary, alongside PIB’s management team. Funds advised by The Carlyle Group, PIB’s existing investor since 2015, will re-invest for a minority stake. The transaction is subject to regulatory approval. 

The Kirkland team is led by transactional partners Rory Mullarkey and Jacob Traff and includes associates Anne Stroude, Julian Holland, Andy McAlpine and Kathryn Alexander; debt finance partners Evgeny Zborovsky and Stephen Lucas and associates Adebayo Lanlokun and Will Knapp; tax partners Alan Walker and Sam Trowbridge and financial services partner Colin Sharpsmith and associate Joshua Price.