Equistone Partners Agrees to Sell A-Plan to HgCapital
December 17, 2014
Equistone Partners Europe has entered into a definitive agreement to sell its majority stake in A-Plan Insurance, an independent insurance distributor, to HgCapital. Founded in 1963 and serving over 580,000 policy holders, A-Plan provides products from a wide range of insurers, including commercial, motor and home. Since Equistone acquired the company in 2008, A-Plan has grown its revenues roughly 66% and has increased its headcount by 380 to over 970 employees.