August 5, 2013 / 1:27 PM / 4 years ago

Insurance brokerage Hub to be sold for about $4.4 bln

Aug 5 (Reuters) - Hub International Ltd said it would be bought by funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion.

Buyout firm Apax Partners and Morgan Stanley's private equity arm took Hub private six years ago for about $1.8 billion, including $145 million of debt.

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