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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.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
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ICR Inc. handled Terrestrial Energy’s SPAC deal, which has the Charlotte-based developer of small modular nuclear plants trading on the NASDAQ as of October 28.
