Michael Dell’s family office leads $7.7bn deal to take insurance broker private

Live updates

1. 9h ago

   DFO Management and Sequence to take Baldwin Insurance private in $7.7bn deal

   A consortium led by Michael Dell's family office, DFO Management, and Sequence Holdings is taking The Baldwin Group private. The deal values the insurance broker at an enterprise value of $7.7 billion. This majority investment moves the Tampa-based company from public markets to private ownership. The transaction follows a period of stock price surges and reports that tech-backed capital outperformed private equity bids for the firm.

   Why it matters

   The Baldwin Group is a major insurance brokerage firm. This acquisition reflects a trend of high-net-worth family offices competing with traditional private equity for large-scale corporate buyouts. The deal is expected to influence momentum across the broader insurance brokerage sector.

   What is confirmed

   • DFO Management and Sequence Holdings are taking The Baldwin Group private.
   • The deal has an enterprise value of $7.7 billion.
   • The Baldwin Group is an insurance broker based in Tampa.
   • The transaction involves a majority investment by Sequence Holdings and the Dell family office.

   What to watch next

   • Final closing date of the acquisition
   • Details on the specific purchase price per share
   • Regulatory approval timelines for the consortium's investment
   Sources used for this update (15)

   1. Financial Times — Michael Dell’s family office nears deal to take $4.1bn insurance broker private
   2. Seeking Alpha — Michael Dell’s family office nears deal to buy Baldwin Insurance: FT (DELL:NYSE)
   3. Bloomberg.com — Michael Dell’s DFO Nears Deal to Buy Insurer Baldwin, FT Says
   4. Reuters — Michael Dell's DFO Management nears take-private deal for Baldwin Insurance Group, FT reports
   5. GuruFocus — BWIN Looks 0.1% Overvalued on GF Value™ as Market Prices in Grow
   6. Investing.com — Michael Dell’s DFO Management nears take-private deal for Baldwin Insurance Group, FT reports By Reuters
   7. marketscreener.com — Michael Dell's DFO Management nears take-private deal for The Baldwin Group, FT reports
   8. marketscreener.com — The Baldwin Group buyout could reignite momentum in the insurance brokerage sector
   9. Investing.com — Why is Baldwin Insurance stock surging today?
   10. qz.com — Michael Dell's DFO Management nears $7.7B Baldwin Insurance deal
   11. Business Wire — The Baldwin Group to Go Private Through Majority Investment by Sequence Holdings and Dell Family Office
   12. WSJ — Dell’s DFO-Led Consortium Taking Baldwin Group Private for Enterprise Value of $7.7 Billion
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