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The Baldwin Group Set to Go Private in $7.7bn Deal Led by Sequence and DFO
The deal would give Baldwin shareholders a premium as the insurer’s revenue rose 30% and adjusted earnings per share climbed 14%, the company said.
- On Sunday, Dell CEO Michael Dell's DFO Management neared a take-private deal for The Baldwin Insurance Group, expected to value the insurance distributor at a premium.
- Valued at around $4.14 billion according to LSEG data, Baldwin provides risk management solutions, insurance advisory, and tech-enabled underwriting to businesses and individuals.
- Reporting strong results last July, Baldwin said its total revenue increased 30% year-over-year to $492.9 million, while adjusted diluted earnings per share grew 14%.
- Trevor Baldwin, Chief Executive Officer of The Baldwin Group, leads the firm, which would end its public listing on the Nasdaq following the transaction.
- Managing the investment assets of Michael Dell and his family, DFO Management engages in a wide variety of asset classes to support long-term business objectives.
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The Baldwin Group set to go private in $7.7bn deal led by Sequence and DFO
An entity to be formed by Sequence Holdings and DFO Management (Dell Family Office) is set to acquire a majority interest in The Baldwin Group, Inc. in an all-cash transaction valued at approximately $7.7 billion, meaning Baldwin will become a privately held company. After mainstream media reports on the matter over the weekend, Baldwin has now confirmed that it has entered into a definitive agreement to go private through majority investment by…
Michael Dell's DFO Management nears take-private deal for Baldwin Insurance Group, FT reports
Dell CEO Michael Dell's DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group , the Financial Times reported on Sunday.
·London, United Kingdom
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Coverage Details
Total News Sources20
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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