On December 30, Kestrel Group and Maiden Holdings struck a deal to merge, uniting two businesses backed by the Karfunkel-Zyskind family, to create what was described as a new listed specialty program group.
The
Kestrel-Maiden: A SPAC+ deal that tightens the front’s Karfunkel ties
The transaction comes after Kestrel explored a deal last quarter to raise ~$150mn of capital.