[ TRANSACTION RECORD ]

Goldman Sachs Asset Management Investment in World Insurance Associates — 2023

VERIFIED VECTOR ID: 001498 · tx-026
M SOURCE NODE — FUNDER
Goldman Sachs Asset Management
Finance United States
$1,000,000,000
EQUITY
15/09/2023
Q DESTINATION NODE — RECIPIENT
World Insurance Associates
Company United States
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
15/09/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Goldman Sachs Asset Management
AUM 2800000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity World Insurance Associates
Entity Type Company
Jurisdiction United States
Intelligence Note

Goldman Sachs Asset Management invested 1 billion dollars in World Insurance Associates to support its ongoing acquisition-led growth strategy. The transaction provides the capital necessary for the company to further consolidate the independent insurance brokerage market. This deal reflects the institutional appetite for high-cash-flow insurance service businesses.

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Primary Forensic Source https://www.gsam.com/content/gsam/us/en/institutions/about-gsam/press-center/2023/goldman-sachs-asset-management-to-invest-in-world-insurance-associates.html/
✓ SOURCE LINKED