Corsair outlines strategy for Oakbridge Insurance exit, GenNx360 runs single-asset process on PAG

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Corsair outlines strategy for Oakbridge Insurance exit, GenNx360 runs single-asset process on PAG

Morning, Hubs!
This is Chris, on for Wire Wednesday.
Today we have exit news! Corsair talks about its acquisition strategy for Oakbridge Insurance Agency.
Providence Equity makes a minority investment in Populous Holdings.
And news about a single asset continuation fund deal being run by GenNx360 Capital.
Exit

Corsair Capital sold its portfolio company Oakbridge Insurance Agency recently to Audax Group and company management.
Corsair accelerated the growth of the insurance and risk management platform, which it formed in 2020, through an aggressive M&A strategy into a growing market for insurance services in the southeast, firm partner Jeremy Schein told Obey Martin Manayiti on PE Hub.

Sports

Providence Equity agreed to make a strategic minority investment in Populous Holdings, which designs sports facilities, arenas, convention centers and airports, as well as planning and design of large events, the firm said in a statement. Read more here on PE Hub.
Movin’ assets

GenNx360 Capital Partners is running a process to extend its hold over Precision Aviation Group, while at the same time delivering proceeds back to limited partners who want liquidity. Read more here on Buyouts.
That’s it for me! Reach me with tips n’ gossip, feedback or book recommendations at [email protected] or find me on LinkedIn.

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