Private equity firm HGGC has agreed to buy London-based insurance broker Specialist Risk Group (SRG) from Pollen Street Capital. The SRG management team joins HGGC in making an investment.

HGGC invests in middle-market companies in business services, consumer, financial services, healthcare, industrial services, information services and software. “The team at SRG has a unique and impressive set of insurance distribution capabilities. We are thrilled to pair our industry knowledge with their expertise to help grow SRG organically and through acquisition,” says HGGC partner Neil White.

HGGC is being advised by Evercore and Kirkland & Ellis and Pollen is being advised by Macquarie Capital and Proskauer.