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New Deal


Announced

Completed

Starr and Liberty Mutual completed a $100m investment in NYDIG.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Minority

Completed

Domestic

Acquisition

Payments / Commerce

cryptocurrencies

Bitcoin solutions

United States

Single Bidder

Synopsis

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Property and casualty-focused insurers Starr and Liberty Mutual completed a $100m investment in NYDIG, a provider of technology and investment solutions for Bitcoin. "We’ve been broadly and successfully investing with Ross and the Stone Ridge team across their various initiatives for years, including as a founding NYDIG investor in 2017. We are excited to continue our tradition of co-investment with them. We’ve also worked closely with Mike Sapnar for more than 25 years and congratulate Mike and NYDIG on his joining, and further propelling, the Stone Ridge ecosystem," Hank Greenberg, Starr Chairman and CEO.

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