Acrisure completes multi-billion dollar capital raise with BDT Capital Partners

Acrisure, the global insurance broker, has closed two transactions to raise a significant amount of capital.

Acrisure raised nearly $3.5 billion across the two transactions. The first raised $3 billion via an investment from BDT Capital Partners and its affiliated investment funds into Acrisure’s senior preferred stock.

The second, smaller deal saw a consortium of investors invest $454 million in junior preferred stock, with JP Morgan serving as placement agent. Acrisure said this consortium had been attracted by its tech-enabled vision as well as its recent acquisition of AI-leader Tulco’s insurance business.

A portion of the proceeds will be used to repurchase Acrisure’s existing senior preferred stock in full, and certain warrants, Acrisure said.

Greg Williams, co-founder, president and chief executive officer at Acrisure, said the transactions demonstrate how the market values the strength of the business and particularly its commitment to accelerating its technology initiatives.

“These investments enable us to pursue strategic initiatives with aligned capital that will provide greater value for all shareholders,” he said.

Byron Trott, founder, chairman and chief executive officer of BDT Capital Partners, said the deal was aligned with the merchant bank’s strategy of “providing patient capital to founder and family-led businesses, while leveraging our network of closely held business owners and investors to support the company’s growth and expansion.”

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