Lee Equity Partners Finalizes $1.6 Billion Investment in McLarens Global Limited

On October 15, 2025, Lee Equity Partners, LLC, a prominent investment firm known for its focus on financial and healthcare services, disclosed the closing of a substantial recapitalization deal involving McLarens Global Limited, amounting to $1.6 billion. This strategic move aims to strengthen their long-term partnership and provide McLarens with significant growth capital while offering existing shareholders options for liquidity or continued investment.

A Landmark Transaction

This transaction has been facilitated by contributions from Lee Equity's latest financing vehicle, the Lee Equity Partners Fund IV, LP. The investment has also seen backing from several distinguished institutional investors, showcasing confidence in McLarens' future prospects.

Who is McLarens?

McLarens Global Limited operates as the leading provider of technical insurance claims services, especially in the intricate domain of commercial insurance claims. Established over nine decades ago, McLarens is equipped with a global workforce of over 1,600 experts and operates from 170 offices spanning 43 countries. The company caters to the needs of some of the world’s largest insurance firms and multinational corporations, providing assistance with complex and high-severity insurance claims.

Growth and Expansion

Lee Equity’s relationship with McLarens dates back to December 2018 when they first invested in the firm through Lee Equity Partners Fund III, L.P. Since then, McLarens has experienced impressive growth, tripling its size, broadening its geographical reach, and introducing new service lines through strategic acquisitions. Notably, the company has undertaken 18 acquisitions, underscoring its commitment to expanding its capabilities and service offerings.

Gary Brown, the CEO of McLarens, expressed his gratitude towards Lee Equity, emphasizing the significance of their partnership in the company's growth. He mentioned, "Our partnership with Lee Equity has been instrumental in driving McLarens' growth and transformation. Their support has allowed us to make necessary investments in talent and technology to maintain world-class service levels in a changing insurance landscape."

Continuing the Journey

Mark Mauceri, a Partner at Lee Equity, reflected on the firm's continuous investment in McLarens, highlighting the impressive results achieved under Gary's leadership. He stated, "Our continued investment reflects the strength of our partnership and the outstanding outcomes we’ve seen thus far. We are excited to support the company as it advances globally, enhances service offerings, and solidifies its reputation in the complex claims management sector."

Lee Equity has established itself as a significant player in the insurance industry with a rich portfolio that includes successful investments in several specialized insurance service companies. Their ongoing commitment to nurturing growth through strategic investments positions them favorably in the competitive landscape.

Evercore served as Lee Equity’s financial advisor, while Weil, Gotshal & Manges acted as legal advisor during the transaction.

About McLarens Global Limited

Founded in 1932, McLarens is recognized as a premier independent provider of insurance services. Their offerings range from claims adjusting and risk consulting to auditing and pre-risk surveying. With a robust presence in over 45 countries, McLarens is well-equipped to deliver locally responsive yet globally integrated solutions across various niche market segments.

For more information on McLarens, visit mclarens.com.

About Lee Equity Partners, LLC

Lee Equity Partners, LLC specializes in middle-market private equity investments, particularly targeting the financial and healthcare service sectors. With nearly two decades of experience, the firm relies on a thematic investment strategy and deep industry expertise to form productive partnerships with skilled management teams, accelerating growth and building market-leading companies. More details can be found at leeequity.com.