Carlyle Group and Hellman & Friedman Form Vantage Insurance Platform - SWFI
Summary
The Carlyle Group (NASDAQ: CG) and Hellman & Friedman (H&F), together with management, have invested US$ 1 billion of equity capital in Vantage Group Holdings Ltd. with the potential to increase their investment as growth opportunities arise. Forty-year industry veteran Dinos Iordanou, retired President and CEO of Arch Capital Group Ltd., is serving as Non-Executive Chairman of Vantage. Vantage Risk provides property catastrophe reinsurance – covering predominantly North America, Europe, Japan and Australia – as well as specialty reinsurance across property and casualty classes including marine, energy, aviation, crop, workers’ compensation, property per-risk and mortgage. Carlyle’s equity capital for the investment comes from Carlyle Partners VII, an US$ 18.5 billion fund that focuses on buyout transactions in the U.S., and Carlyle Global Financial Services Partners III, L.P., a dedicated financial services buyout fund. J.P. Morgan acted as sole financial advisor to Vantage.
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