CHICAGO, May 9, 2007 (PRIME NEWSWIRE) -- GTCR Golder Rauner, LLC, one of the nation's leading private equity firms, announced today that it has entered into a partnership with Muragai, LLC to make investments and acquisitions primarily in the insurance industry.
GTCR, founded in 1980, is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth. GTCR currently manages more than $8 billion of equity capital invested in a wide range of companies and industries. More information about GTCR can be found at www.gtcr.com
Muragai, headquartered in Chicago, is an investment firm specializing in acquiring and operating businesses in the financial services sector, with particular focus on the insurance industry.
Muragai announced today that C. Gregory Peters will join the company as President on May 24th. Furthermore, Muragai also announced that it has retained industry recognized SLW International, LLC to provide consulting services which include identifying future acquisitions and assisting with strategic planning.
Greg Peters has followed the insurance industry as a sell-side analyst for more than 15 years. He serves as the chairperson of the New York Society of Security Analysts Annual Insurance Conference and is a member of the Association of Insurance and Financial Analysts. Mr. Peters graduated with honors from DePaul University's Kellstadt Graduate School of Business with an M.B.A. and holds a bachelor's degree from Drake University.
"We are extremely excited to be working with Muragai to build a leading company in the financial services industry," said GTCR Principal David Donnini. "We continue to see a number of compelling investment opportunities in the insurance industry and based on Stephen Way's proven track record, we believe that SLW International will add significant value to Muragai's efforts to capitalize on the most attractive opportunities."
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