Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
Global Risk Partners and Searchlight Capital Partners are in late-stage talks about a potential deal, according to The Insurance Insider.
This follows reports from December that the Penta-backed consolidator was in discussions with Searchlight and Apax Partners with Evercore leading the process.
In August 2019, Insurance Age reported that GRP was exploring sale and reinvestment options. It is believed current investors may be seeking to dilute their stake but not exit completely.
GRP declined
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