Deals
Acrisure Raises $3.45 Billion, Counts Trott’s BDT as Investor
- Investments give broker enterprise value of $17.5 billion
- BDT leads $3 billion investment in senior preferred stock
This article is for subscribers only.
Insurance broker Acrisure LLC raised more than $3.45 billion in capital from investors including Byron Trott’s BDT Capital Partners.
BDT led a $3 billion investment in senior preferred stock, while a different group put $454 million of new capital into junior preferred stock, according to a statement Wednesday. The transactions give Acrisure an implied enterprise value of $17.5 billion, the company said.