 |
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
Onex will own a 63 percent stake in Convex and AIG will control 35 percent.
The deal continues Convex’s relationship with Onex and begins a new era with AIG.
“This transaction positions us better than ever to service our clients and brokers and take advantage of the future market opportunities,” said Convex co-founder and CEO Paul Brand.
Peter Zaffino, AIG chief, called Convex “ a top performing global specialty company that we believe will drive incremental earnings growth for AIG.”
The transaction is expected to close during the first-half of 2026.
London’s Haggie Partners has partner Peter Rigby and account director Olivia Thomson working the deal.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
