AmWINS Group Partners with Dragoneer Investment Group
Summary
"We are delighted to meaningfully increase our stake in AmWINS following our initial investment in 2015," said Marc Stad, Founder and Managing Partner of Dragoneer. I have personally followed AmWINS success for over 10 years and firmly believe there is tremendous opportunity ahead as technology plays a bigger role in the business and the company expands its independent distribution platform. Dragoneer shares our vision of providing long-term ownership to AmWINS and we look forward to collaborating with them and AmWINS management and employees to support the companys continued success, said Guthrie Stewart, Senior Vice President, Global Head of Private Investments at PSP Investments.Subject to customary regulatory approvals and closing conditions, the transaction is expected to close within the next two months. Dragoneer employs a long-term fund structure supported by the highest quality limited partners largely consisting of leading endowments, foundations and institutional family offices. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.