Core Viewpoint - AUB Group has agreed to acquire 95.9% of Prestige Insurance in the U.K. for GBP 219 million (AUD 432 million), which is based on an EBITDA multiple of 12.9x, excluding cost synergies [1] Group 1: Acquisition Details - The acquisition of Prestige Insurance is highly complementary to AUB's strategy and will accelerate growth and margin benefits in the U.K. and International division [2] - Prestige Insurance is a diversified business that includes broking and underwriting agency operations as well as an insurtech platform, led by CEO Trevor Shaw [1] Group 2: Funding and Financial Strategy - AUB Group has increased its debt facility by $200 million to fund the Prestige acquisition and step-up investments in 360 Underwriting and Pacific Indemnity [3] - The company is launching a $400 million institutional placement at an offer price of $29.40 to secure additional funding capacity for future investments [3]
AUB Group Limited (AUBBF) M&A Call Transcript
Seeking Alpha·2026-01-27 08:22