.
MergerLinks Header Logo

New Deal


Announced

Completed

OMERS completed the acquisition of a 40% stake in RiverStone UK for $560m.

Financials

Edit Data
Transaction Value£420m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales32.8x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Property and Casualty Insurance

Private

Friendly

Single Bidder

Minority

run-off services

Cross Border

United Kingdom

Completed

Private Equity

Acquisition

Synopsis

Edit

OMERS, a Canadian pension fund, completed the acquisition of a 40% stake in RiverStone UK, a run-off group of Fairfax, a property and casualty insurance company, for $560m. “The acquisition of RiverStone UK advances our strategy to make investments that can generate sustainable, stable income and growth. We are excited to work with Fairfax to maximize the value of this asset for our members,” Ken Miner, OMERS Executive Vice President and Global Head of Capital Markets.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US