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Announced

18 Jul 2019

Completed

18 Jul 2019

Elliott Advisors bought 5% stake at Saga.

Synopsis

Elliott Advisors, hedge fund manager, bought 5% stake at Saga, British insurance company. Financial terms were not disclosed. Elliott is understood to want Saga to split its travel and insurance businesses.

Principals

target

Saga

bidder

Elliott Investment Management

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Market Context

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Seller Team (2)

patrick o'sullivan

Chairman at SAGA PLC

Manager

target

Deals

£ 2.78 B

Total Value

lance batchelor

CEO at SAGA PLC

Manager

target

Deal

n/a

Total Value

Bidder Team (4)

alice best

ELLIOTT INVESTMENT MANAGEMENT

Investor

bidder

Deal

n/a

Total Value

nabeel bhanji

Portfolio Manager at ELLIOTT INVESTMENT MANAGEMENT

Investor

bidder

Deals

£ 537 M

Total Value

sheldon sussman

Investment Professional at ELLIOTT INVESTMENT MANAGEMENT

Investor

bidder

Deal

n/a

Total Value

richard monahan

Investment Professional at ELLIOTT INVESTMENT MANAGEMENT

Investor

bidder

Deals

n/a

Total Value

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