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Announced

Completed

Arcapita Group Holdings completed the acquisition of a majority stake in Nationwide Property and Appraisal Services from Corridor Capital.

Synopsis

Arcapita Group Holdings, an alternative investment firm, completed the acquisition of a majority stake in Nationwide Property and Appraisal Services, an appraisal services provider, from Corridor Capital, a private equity firm. Financial terms were not disclosed. "Nationwide is extremely pleased to be partnering with Arcapita, a leading alternative asset manager partner, that shares a mutual vision for the future and will support Nationwide in continuing to build on its core strengths of customer service, purposeful acquisitions and technology investment. Also we are thankful for Corridor Capital's continued partnership, which is a testament to their belief in Nationwide," Sri Velamati, Nationwide CEO.

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