Ardonagh Completes $2.5 Billion Equity Investment Led by Stone Point
Deal News | Jun 30, 2025 | Stone Point Capital LLC
Stone Point Capital LLC, a U.S.-based private equity firm, has led a $2.5 billion equity investment in The Ardonagh Group, one of the world's largest independent insurance distribution platforms and a top 20 global broker. The investment values Ardonagh at $14 billion. This significant investment was accompanied by strong interest from co-investors associated with Madison Dearborn Partners, HPS Investment Partners, and a subsidiary of the Abu Dhabi Investment Authority, facilitating Ardonagh's future growth in the global P&C insurance market. Ardonagh has evolved since its formation in 2017, becoming a leading global broking group. Recently, it completed significant mergers and refinancing, positioning itself for continued expansion benefitting from machine learning and data enrichment. The investment further solidifies collaborations with major investors that share Ardonagh's vision for growth. Financial advisors involved include Fenchurch Advisory Partners, Goldman Sachs, and Morgan Stanley, with legal advisory provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP and Debevoise & Plimpton LLP.
Sectors
- Insurance
- Private Equity
- Financial Services
Geography
- United Kingdom – Ardonagh is based in London, UK, and operates numerous locations within the country.
- United States – Stone Point Capital, the leading private equity firm in the investment, is based in the United States.
- Global – Ardonagh and its investing partners have operations that span across various global locations, indicating the international nature of the deal.
Industry
- Insurance – The primary focus of the article is Ardonagh, which operates as a leading global insurance broker and distribution platform.
- Private Equity – Stone Point Capital, along with other private equity firms, has invested in Ardonagh, indicating the involvement of the private equity industry.
- Financial Services – The investment by Stone Point and other partners is part of financial services aimed at strategic investments in significant market players like Ardonagh.
Financials
- $2.5 billion – Equity investment led by Stone Point Capital in The Ardonagh Group.
- $14 billion – Valuation of The Ardonagh Group post-investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Ardonagh Group | Target Company | Company | A leading global independent insurance broker and distribution platform. |
| Stone Point Capital LLC | Leading Investor | Company | A U.S.-based private equity firm focused on global financial services investments. |
| Madison Dearborn Partners | Co-Investor | Company | A private equity investment firm based in Chicago with broad industry expertise. |
| HPS Investment Partners | Co-Investor | Company | A global, credit-focused alternative investment firm. |
| Abu Dhabi Investment Authority (ADIA) | Co-Investor | Company | A sovereign wealth fund that is a major global institutional investor. |
| Fenchurch Advisory Partners | Financial Advisor | Company | Acting as financial advisor to Ardonagh. |
| Goldman Sachs Investment Banking & Co. LLC | Financial Advisor | Company | Providing investment banking advisory services to Ardonagh. |
| Morgan Stanley & Co. LLC | Financial Advisor | Company | Serving as financial advisor to Ardonagh. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Legal advisors for Ardonagh. |
| Debevoise & Plimpton LLP | Legal Advisor | Company | Legal advisors for Stone Point. |