AssuredPartners gets debt commitment for buyout by Apax Partners

By Sara Rosenberg

New York, July 20 – AssuredPartners Inc. plans on getting new debt financing to help fund its acquisition by Apax Partners from GTCR, according to a news release.

Bank of America Merrill Lynch, RBC Capital Markets and Morgan Stanley Senior Funding Inc. are the lead banks on the debt.

Closing is expected in the third quarter, subject to customary regulatory clearances.

AssuredPartners is a Lake Mary, Fla.-based provider of property and casualty and employee benefits insurance brokerage services.

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