CEO Ross hails “new phase” as Ardonagh valued at £11bn after Stone Point investment
Ardonagh has announced an equity investment from funds managed by US-based private equity firm Stone Point Capital LLC, the alternative investment management specialist, that values the broking group at $14bn (£11.04bn).
Completion is expected to take place in mid-2025. At this point, Stone Point will become a significant shareholder in Ardonagh, alongside Madison Dearborn Partners, HPS Investment Partners, and co-investors, including a wholly owned subsidiary of the Abu Dhabi Investment Authority.
The transaction caps a busy year for the group, which completed a refinancing in March, followed by the completion of the merger of its personal lines business into Markerstudy in June and the A$2.3bn (£1.14bn) take
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