Oak Hill takes controlling stake in Epic

New York-based Oak Hill Capital Partners has acquired a
controlling stake in US retail P&C intermediary Epic Insurance
Brokers from fellow private equity house The Carlyle Group.
The investment remains subject to relevant regulatory approvals
and is expected to close in the third quarter. The financial terms
of the transaction were not disclosed.
Carlyle originally took amajority position in Epic in December 2013 as the private
equity giant sought to gain a foothold in the insurance
intermed