BOSTON & HONG KONG, May 18 (Bernama-BUSINESS WIRE) — TA Associates, a leading global growth private equity firm, today announced that it has signed a definitive agreement to make a strategic growth investment in Honan Insurance Group (“Honan”), a leading commercial insurance broker.
Honan’s Group CEO and Executive Director, Damien Honan, Chief Executive Officer, Andrew Fluitsma, and Chief Operating Officer, Laurence Basell, will continue to lead the business and be shareholders alongside TA. Financial terms of the transaction were not disclosed.