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Announced

Arch Capital Group to acquire a 29.5% stake in Coface from Natixis for $520m.

Financials

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Transaction Value£402m
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

trade risk

Single Bidder

France

Public

Friendly

Minority

Pending

Property and Casualty Insurance

financial services

credit insurance

Private Equity

Cross Border

Synopsis

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Arch Capital Group, a provider of insurance, reinsurance and mortgage insurance, agreed to acquire a 29.5% stake in Coface, a France-based provider of trade credit insurance, from Natixis, a French corporate and investment bank, for $520m. “This is a long-term, strategic investment in Coface, and fits with Arch’s efforts to develop uncorrelated sources of underwriting income. Our companies share a focus on specialty underwriting where knowledge and expertise create value for our clients, and trade credit contributes to Arch’s specialty-driven business model,” Marc Grandisson, Arch’s Chief Executive Officer.

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