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New Deal


Announced

Completed

Sixth Street completed a $500m investment in Convex Group.

Financials

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Transaction Value£367m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Minority

Acquisition

Completed

Private Equity

Single Bidder

Property and Casualty Insurance

property & casualty insurance

insurance & reinsurance services

Bermuda

Private

Cross Border

Synopsis

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Sixth Street, a private equity firm, completed a $500m investment in Convex Group, a specialty insurer and reinsurer. “We are pleased to be partnering with the Sixth Street team to strengthen our position even further in today’s cyclically advantageous market environment. This significant additional capital provides us with greater flexibility as we continue our recent momentum in growing our business,” Stephen Catlin, Convex CEO.

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