On July 4, 2018, Navacord Inc., a leading Canadian insurance brokerage, announced that it entered into an agreement for a management led buyout of its minority capital partner with the support of Madison Dearborn Partners (“MDP”), a leading private equity firm based in Chicago. The partnership with MDP will accelerate Navacord’s organic growth strategy and help support the addition of future broker partners across Canada.
HPS Investment Partners, LLC is a private equity firm based out of New York, specializing in debt and mezzanine investments.
Osler, Hoskin & Harcourt LLP is acting for HPS Investment Partners with a team led by Michael Hart (Financial Services) that includes Kashif Zaman (Financial Services), Greg Wylie (Tax) and Doug Rienzo (Pensions & Benefits).