Cooper Gay Swett & Crawford Announces Agreement for Significant Equity Investment

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• Publié par: Cooper-Gay-Swett-and-Crawford-Ltd
• Nombre de lectures: 6
• Langue: English

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Cooper Gay Swett & Crawford Announces Agreement for Significant Equity Investment

PR Newswire LONDON, October 22, 2012

LONDON,October 22, 2012/PRNewswire/ --

Cooper Gay Swett & Crawford (CGSC), the leading global wholesale and reinsurance broking group, has agreed terms with Lightyear Capital LLC and institutional co-investors for a substantial investment into the CGSC Group. The agreement, which remains subject to shareholder and regulatory approval, will deliver on CGSC's strategy of seeking further capital investment to support the G roup's continued growth, and is expected to close before the end of 2012.

Notes to editors

Cooper Gay Swett & Crawford Ltd

Cooper Gay Swett & Crawford is one of the largest independent global wholesale and reinsurance broking Groups placing over$3.5 billionin premiums for clients in theLondon, U.S., and international insurance markets. Employing more than 1,400 staff across 60 offices worldwide, CGSC specializes in hard-to-place insurance policies. In 2011, CGSC reported revenues of$344 millionand EBITDA of$69 million.

Additional information may be found athttp://www.cg-sc.com

About Lightyear Capital LLC

Lightyear Capital is a leading private equity firm making primarily control investments inNorth America-based, middle-market financial services companies. Based in New York, Lightyear, through its three affiliated private equity funds, has raised over$2.5 billionof capital and has completed investments across the financial services spectrum.

Additional information may be found athttp://www.lycap.com