Warburg Pincus/Specialist Risk Group
Transaction details
The proposed acquisition by Sparta UK Bidco Limited, an incorporated entity established by and affiliated with certain funds managed by Warburg Pincus LLC, of a controlling interest in Specialist Risk Group, structured through the sale and purchase of the entire issued share capital of Saturn Jersey Topco Limited, the top holding company in Specialist Risk Group, has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:9 June 2024
- Publication date:9 June 2024
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Insurance and pension services - L.65
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.24.033 DeterminationPDF | 169 KBM.24.033 Determination PDF | 169 KB - Opens in new window
Timetable
Parties Involved
Warburg Pincus LLC
Warburg Pincus LLC (""WP"") is a global private equity firm headquartered in New York, United States. WP's portfolio companies are active in a variety of sectors worldwide, including energy, financial services, healthcare and consumer, industrial and business services, and technology media, and telecommunications.
Specialist Risk Group
Specialist Risk Group (""SRG"") is ultimately owned by HGGC, LLC, a private equity firm headquartered in Palo Alto, California, United States. SRG is an insurance broker and managing general agent headquartered in the United Kingdom. It is active in a number of commercial risk types, but not as a reinsurance broker.
Contacts
- Louis O'Carroll louisocarroll@ccpc.ie
