Permira and Hg take co-controlling stakes in GGW Group

Waverly Advisors Acquires GGM Wealth Advisors

March 25, 2025

Wealth Management

Waverly Advisors, a PE-backed registered investment adviser, has acquired Baltimore-based GGM Wealth Advisors, adding a team that manages over $400 million in AUM and expanding Waverly’s footprint into Maryland and Virginia. The deal closed March 21, 2025 and is an add-on to Waverly’s platform (backed by Wealth Partners Capital Group and HGGC), increasing the platform’s total AUM to roughly $16.9–17.4 billion.

Warburg Pincus and Temasek Acquire Specialist Risk Group

May 21, 2024

Insurance

Warburg Pincus and Temasek agreed to acquire Specialist Risk Group (SRG) from HGGC, with SRG management reinvesting and retaining a significant stake. The investors will support SRG’s next stage of growth as the specialist insurance intermediary expands its people-focused platform and international capabilities; closing is subject to customary regulatory approvals.

Specialist Risk Group (SRG) Acquires GB Underwriting

January 14, 2021

Insurance

Specialist Risk Group (SRG), backed by new majority investor HGGC, has acquired GB Underwriting, a UK managing general agent (MGA) specializing in property and liability insurance for construction and building trades. The deal strengthens SRG's MGA capability and expands its specialist insurance offering to UK brokers.

Permira Acquires Majority Stake in Reorg from Warburg Pincus

August 1, 2022

Data & Analytics

Funds advised by Permira agreed to acquire the majority shareholding in Reorg from Warburg Pincus, with Reorg management retaining a significant ownership stake. The investment will support product innovation and accelerated growth for Reorg, a provider of data, analytics and intelligence for the global credit markets; financial terms were not disclosed and the deal was expected to close in Q3 2022.

J.S. Held Acquires GPW Group

May 24, 2022

Consulting

Global consulting firm J.S. Held acquired London-headquartered GPW Group to expand its Global Investigations Practice, adding over 20 intelligence and disputes experts and strengthening its presence across Europe, Asia Pacific, and the Middle East. The acquisition brings GPW's capabilities in asset tracing, political risk advisory, and business intelligence into J.S. Held's broader technical, financial, and strategic consulting platform.

HGGC Acquires Specialist Risk Group

December 21, 2020

Insurance

Middle-market private equity firm HGGC has signed a definitive agreement to acquire London-based Specialist Risk Group (SRG). SRG's management will reinvest alongside HGGC while existing investor Pollen Street Capital will exit; the transaction is expected to close in Q1 2021 subject to regulatory approval.