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The Canadian PE house is delaying close and seeking to renegotiate aspects of the deal. -
The broker could bring in a new backer to take out as little as ~10% of shares in a tidying-up exercise.
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Sources said that Evercore has been retained to run the strategic process for the ~$550mn Ebitda business.
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Analysis of company performance post-IPO shows varying trajectories over time
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The acquisition expands Doxa’s mental health and wellness presence.
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The company now owns around 48.35% of Corebridge Financial’s stock.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The buy-side mandate has been awarded to Morgan Stanley and Bank of America.
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The company writes roughly $300mn with Ebitda of roughly $30mn.
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This is Chubb’s second MGA deal in the past few months.
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Ambac also announced it was selling its financial lines book to Oaktree for $420mn.
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The move comes as the wait for a deal for the whole group passes the six-month mark.
