Amwins Recapitalizes with Dragoneer, Genstar and SkyKnight in $1.0B Equity Transaction
November 14, 2023
Amwins Group completed a $1.0 billion recapitalization in which Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and participating employee shareholders purchased equity from more than 375 employee shareholders and the Public Sector Pension Investment Board (PSP). PSP rolled roughly 80% of its position forward and the Amwins employee shareholder group will remain the largest single owner with approximately 40% ownership, providing liquidity while preserving long-term employee ownership.
- Buyers
- Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, L.P., Amwins employee shareholders
- Targets
- Amwins Group, Inc.
- Sellers
- More than 375 Amwins employee shareholders, Public Sector Pension Investment Board (PSP)
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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