Broker investments: What makes the sector so appealing to private equity?

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On 10 March, global alternative asset manager The Carlyle Group announced it had agreed to acquire a majority stake in US wholesale insurance broker Jen Cap Holdings, with the latter assuming control of the assets of Wholesale Trading Co-Op Insurance Services. A statement by Carlyle said the deal will position Jen Cap as a consolidator of specialty insurance distribution and programme management businesses. This includes managing general agents, specialty programme underwriters, transactiona