On September 15, 2023, Hub International Limited (HUB), announced today that it successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors. The planned investment from LGP, a Los Angeles-based private equity firm, was announced earlier in the year. The proceeds of this investment will be used to repurchase equity interests from existing equity holders. H&F will retain a controlling-interest in HUB, while the company’s management team will continue to hold a significant equity position. Altas will remain a significant minority shareholder and member of the board, and LGP will join the board as well.
On October 17, 2018, Hub International announced that it entered into an agreement with Altas Partners, a long-term oriented investment firm based in Toronto, Ontario. Under the agreement, Hub expects to receive a substantial minority investment from funds managed by Altas. Funds managed by Hellman & Friedman (H&F) will remain the largest investor in Hub and the company’s management team will continue to hold a significant equity position.
On October 2, 2013, Hub was acquired by funds advised by Hellman & Friedman LLC.
Access to Financial Information Requests
As a privately-owned company, HUB International Limited restricts access to its financial information. Current or prospective holders of the company’s 5.625% Senior Notes due 2029, 7.250% Senior Secured Notes due 2030 and 7.375% Senior Notes due 2032 issued by Hub International Limited, as well as securities analysts, are eligible to obtain access to:
- A secure Website to which the company has agreed to post certain reports and press releases required by the indentures governing the Notes; and
- A conference call held by the company to discuss such reports and the results of operations for the relevant reporting period.
Upon receipt of your application, we will send you a password and other information needed to access the secure Website. By submitting this application, you agree that the company reserves the right to modify the terms of your access to the secure Website or future conference calls at any time and without notice.