Willkie represented Searchlight Capital Partners in the transaction.
On March 7, global private investment firm Searchlight Capital Partners announced that it entered into an agreement to sell UK insurance intermediary Global Risk Partners (GRP) to insurance brokerage firm Brown & Brown, Inc.
GRP is one of the largest independent insurance intermediaries in the UK, servicing nearly half a million personal and commercial customers. Launched in 2013, GRP has grown rapidly and now reports $340 million in annual revenue and employs more than 2,100 insurance professionals. Following the transaction, GRP will operate within the Brown & Brown retail segment and will continue to be led by global chief executive officer of GRP, Mike Bruce.
Willkie previously advised Searchlight Capital Partners on the acquisition of GRP in 2020.
Searchlight is a global private investment firm with offices in New York, London and Toronto.
The Willkie team was led by partners Gavin Gordon and Andrew Gray.