Reported 2 days ago
Acrisure has successfully completed a $2.1 billion capital raise led by Bain Capital, intended primarily to refinance existing non-convertible preferred stock and to facilitate strategic mergers and acquisitions. This deal increases Acrisure's valuation to $32 billion, showcasing significant growth since the last funding round. The investment group includes notable firms like Fidelity and Apollo Funds, with no current investors exiting the deal. CEO Greg Williams expressed optimism about Acrisure's future potential, with Bain Capital's Cristian Jitianu joining the board to support ongoing growth initiatives.
Source: YAHOO