Partners Group, a leading global private markets firm, has acquired a controlling stake in Foundation Risk Partners (FRP), a specialist insurance broker in the US, from Warburg Pincus.
FRP’s management will maintain a substantial stake in the business while Warburg Pincus will retain a meaningful minority position.
Partners Group will work with management to drive further growth at FRP and expand its presence across the US. Key value creation initiatives will include refining the acquisition strategyand expanding M&A, introducing the product suite in new geographies, investing in technology, and further leveraging the operating model.
Partners Group was advised by Morgan Stanley & Co. LLC as its financial advisor and Ropes & Gray LLP as legal counsel. Warburg Pincus and Foundation Risk Partners were advised by Barclays, MarshBerry, Kirkland & Ellis LLP, Jamieson Corporate Finance, and Peter W Klein, Attorney at Law.
