Two Firms Help Partners Group Buy Specialist Insurance Brokerage

Ropes & Gray advised Partners Group on its acquisition of a controlling stake in Foundation Risk Partners, a Daytona Beach, Florida-based specialist insurance brokerage and consulting firm.

Kirkland & Ellis advised the seller, Warburg Pincus, and Foundation Risk Partners on the transaction, for which no terms were disclosed. Foundation Risk’s management will maintain a substantial stake in the business, while Warburg Pincus will retain a “meaningful” minority position, according to a statement.

Foundation Risk Partners said it helps businesses and private individuals get competitive prices and manage claims for their US insurance, in areas including commercial insurance, employee benefits, personal ...