Bain Capital in Talks to Lead $2 Billion Investment in Acrisure

A group led by Bain Capital’s special-situations arm is in talks to invest as much as $2 billion in insurance broker Acrisure, according to people with knowledge of the matter.

The new investment is set to take the form of preferred equity, said the people, who asked not to be identified discussing confidential information. Terms of the transaction haven’t been finalized and could still change, but any deal would enable BDT & MSD Partners, which led a $3 billion senior preferred stock investment in the company in 2021, to have a portion of its preferred investment in ...