Carlyle Brokers Deal to Form Insurance Platform
March 11, 2016
The Morning Leverage: Carlyle Brokers Deal to Form Insurance Platform
Carlyle Group is acquiring a majority stake in insurance broker JenCap Holdings LLC and the assets of Wholesale Trading Co-Op Insurance Services.
The Washington, D.C., firm said it would fund equity for the deal out of Carlyle Global Financial Services Partners II LP. The vehicle had a final close in 2014 at $1 billion.