The Baldwin Group to Go Private Through Majority Investment by Sequence Holdings and Dell Family Office

Baldwin Group (BWIN) agreed to go private through a majority investment from Sequence Holdings and DFO Management, the Dell family office, in an all-cash transaction valued at approximately $7.7 billion. Shareholders will receive $32.50 per share in cash, an approximately 88% premium to the unaffected closing price on June 17, 2026, the day before media reports of a potential take-private surfaced. The deal implies roughly $4.6 billion of equity value plus $3.1 billion of assumed or refinanced net debt — about 20x Baldwin's trailing-twelve-month Adjusted EBITDA of approximately $396 million — with closing expected in Q1 2027 subject to shareholder and regulatory approvals.

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