The Nicola Wealth Private Debt team is pleased to announce its participation in a new debt financing for Axis Insurance Managers Inc. (“Axis Insurance”), the Vancouver-based independent specialty insurance brokerage firm. The proceeds of the financing helped fund a recapitalization of the business, which included a significant growth investment from funds managed by Lee Equity Partners, LLC (“Lee Equity”), a growth-oriented middle-market investment firm specializing in investments in the financial services and healthcare industries. The partnership with Lee Equity strategically positions Axis Insurance for long-term success and growth and complements the Company’s existing shareholder base. As part of the transaction, Axis Insurance founder and CEO, Alex Meier, retained the majority of his equity stake in the Company.
Axis Insurance provides local, national, and international clients with risk management and insurance services with a focus on specialized risks. Axis Insurance professionals analyze complex business and personal risks to provide advice and solutions to mitigate, reduce or transfer those risks. With roots dating back to 1928, over 300 employees and offices throughout Canada, the Company is one of the fastest growing and largest independent brokerages in the country. For more information, please visit www.axisinsurance.ca
The Nicola Private Debt Fund is an active private lender, managed by the Nicola Wealth Private Debt team, that provides first lien, unitranche and subordinated debt financing primarily to profitable North American middle-market companies.
Learn more here: https://nicolawealth.com/private-capital/strategies/private-debt
