Kirkland Advises Keystone Agency Partners on Strategic Majority Investment from Warburg Pincus
Kirkland & Ellis advised Bain Capital portfolio company Keystone Agency Partners, a leading insurance broker and agency network, on the sale of a majority stake to private equity firm Warburg Pincus. Bain Capital, which launched Keystone in 2020, will retain a minority ownership in Keystone through a new investment from Bain Capital Insurance. With this investment, Keystone will continue to innovate and grow its network of agency partners. Financial details of the private transaction were not disclosed.
Read the transaction press release
The Kirkland team included corporate lawyers Dave Gusella, Jeremy Carroll, Rajab Abbassi, Emily Gamble, Sydney Collins, Charlie Hu, Michael McShane and Sydney Smith; tax lawyers Christine Lehman, Mike Carew and Leah Warren; executive compensation lawyers Scott Price and Dominique Collins; employee benefits lawyers Alexandra Mihalas and Stew Dunoskovic; employment & labor lawyers Mari Stonebraker, Olivia Claire Hunter and George Cartveli; and insurance regulatory lawyers Parimah Hassouri and Aburiyeba Amaso.
