Private equity acquisition of Ryan Direct 'a sign of serious intent' say brokers

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Ryan Specialty Group revealed today that it has agreed to sell Ryan Direct Group to Nevada Investments, an investment vehicle backed by HPS Investment Partners and Madison Dearborn Partners, for an undisclosed sum. Aston Scott CEO Peter Blanc told Post: “It’s a sign of very serious intent from HPS. It’s great news for Ryan Direct, Derek Coles and his team are a fantastic bunch so if they’re happy with it it’s great all round. “It’s a sign of serious intent from Nevada, and HPS generally tha