Ropes & Gray advised New Mountain Capital in the recapitalization of IMA Financial Group, a North American insurance brokerage firm specializing in risk management, employee benefits and investment advisory services. The transaction, which was announced on May 13, values IMA at $4 billion.
New Mountain Capital is taking a minority position, exiting its existing position and reinvesting alongside the broader investor group. The recapitalization fuels IMA's already-strong growth, supporting investments in technology, talent and strategic partnerships while preserving the firm's independence and client- and employee-first culture.
The Ropes & Gray team included private equity partners Dee Kuchukulla and Garrett Charon, and associate Aryana Salehi.
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