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Carlyle Group LP to Invest In Edgewood Partners Insurance Center-Reuters

Thursday, 14 Nov 2013 07:20pm EST 

Reuters reported that Carlyle Group LP has agreed to buy a controlling stake in Edgewood Partners Insurance Center to support the retail insurance broker's plans to acquire insurance distribution companies in the United States. Equity for the investment will come from Carlyle Global Financial Services Partners LP and Carlyle Global Financial Services Partners II LP. Following the closing of the deal, whose terms were not disclosed, funds managed by Stone Point and Edgewood Partners employees will remain investors in Edgewood Partners. The deal is expected to close at year-end. 

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