Lee Equity announces closing of $1.6bn recapitalisation of McLarens Global

Core Insights - Lee Equity Partners has successfully closed a $1.6 billion recapitalization of McLarens Global to support its growth plans [1] - The recapitalization allows existing shareholders to either receive liquidity or reinvest, while providing McLarens with additional capital for growth initiatives [1] Company Overview - McLarens has over 90 years of history, operating in 43 countries with a workforce of more than 1,600 specialists [2] - The company specializes in technical claims services for brokers, insurance companies, and multinational corporations [2] Partnership and Growth - McLarens CEO Gary Brown highlighted the importance of the partnership with Lee Equity in driving growth and transformation, enabling investments in talent, technology, and capabilities [3] - The partnership began in December 2018, leading to McLarens' expansion in size, international presence, and the introduction of new service lines through organic growth and acquisitions of 18 companies [3] Investment History - Lee Equity has a track record of investments in the insurance industry, supporting various companies such as Captive Resources and Axis Insurance [4] - Lee Equity partner Mark Mauceri emphasized the strength of the partnership and the exceptional results achieved by McLarens [4] Future Outlook - Lee Equity expresses excitement in supporting McLarens as it continues to expand globally, enhance service offerings, and maintain its reputation in complex claims management [5]