As Seen In The Wall Street Journal

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Overview of Transaction​

• PCF is a leading retail insurance brokerage with a diverse offering of commercial lines, personal lines, and employee benefits products serving more than 220,000 clients. Now a top 20 broker, PCF anticipates closing out the year with nearly $400 million in revenue and over 1,700 employees.

• The company recently completed a management & partner-led buyout from sponsor HGGC.

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Significance of Transaction​

• The transaction, which was announced on November 2, included financing of more than $1 billion and was led by PCF's Chief Executive Officer, Peter C. Foy, along with the firm's executive team, partner investor firm, Owl Rock, a division of Blue Owl, and Sica Fletcher.

• Blue Owl is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. HGGC will retain a minority interest in the business.

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Sica | Fletcher's Role

• Sica Fletcher served as strategic advisor to PCF, evaluating several growth strategies for the firm before deciding on the management and partner-led buyout.

• This transaction reinforces Sica | Fletcher’s position as the leading strategic advisory firm for insurance brokers looking to raise private equity capital.