Willis Group Holdings is acquiring Bridgepoint portfolio company Opus holdings, a UK-based regional insurance broking and group benefits consultancy business. Financial details of the transaction have not been disclosed.
Bridgepoint originally invested in Opus in September 1998. The business has annual general insurance and group benefits revenues of approximately £13m
The transaction is subject to necessary regulatory approval and is expected to close next year.
Advisers included in the transaction included for Bridgepoint – Lexicon Partners (corporate finance); Travers Smith Braithwaite (legal); for Willis – DLA (legal); for management – Feagre Benson Hobson Audley (legal).
In 2004 to date Bridgepoint has made six new investments and since 2000 has returned $3bn to investors.
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