BBH Capital Partners (BBHCP), the private equity arm of Brown Brothers Harriman, has exited its minority equity stake in Synex Business Performance. The divestiture occurred in the context of new minority equity investments in Synex by institutional investors Caisse de dépôt et placement du Québec (CDPQ) and Ares Management Credit funds.

Synex, a Quebec City-based insurance brokerage consolidator founded in 2020, operates under the brands Synex Insurance and Synex Group Solutions.

BBHCP initially invested $100 million in Synex in 2022, acquiring a minority interest to support the company's growth strategy.

Osler, Hoskin & Harcourt LLP advised BBH Capital Partners with a team consisting of Niko Veilleux, Matthew Oliver, Véronique Fortin-Latreille (Corporate) and David Wilson (Tax).