The Baldwin Insurance Group, Inc.Baldwin agrees to be taken private by Sequence Holdings and DFO Management in a $7.7B all-cash deal at $32.50/share, a premium to recent trading levels.

Baldwin Insurance Group has agreed to be taken private through a majority investment by Sequence Holdings and DFO Management in an all-cash deal valued at approximately $7.7 billion. Under the definitive agreement, an entity formed by Sequence Holdings and DFO Management, the family office of Michael Dell, will acquire a majority interest in The Baldwin Group, with shareholders set to receive $32.50 per share in cash. The acquisition values the insurance brokerage at roughly $7.7 billion and offers public investors immediate, certain cash value at a significant premium to the stock's recent trading levels. Shares of the insurance distribution company jumped 7.9% in the afternoon session following the announcement. Baldwin Insurance Group is up 34.3% since the beginning of the year and, at $31.94 per share, has set a new 52-week high.
The Baldwin Insurance Group, Inc.Baldwin agrees to be taken private by Sequence Holdings and DFO Management in a $7.7B all-cash deal at $32.50/share, a premium to recent trading levels.
Taishin Financial Holding Co LtdDFO Management, Michael Dell's family office, is acquiring a majority interest in The Baldwin Group as part of the $7.7B take-private deal.
Sequence Holdings is forming the entity that will acquire a majority interest in The Baldwin Group in the $7.7B all-cash deal.