.
MergerLinks Header Logo

New Deal


Announced

Completed

Westfield and Enstar Group completed the acquisition of the Lloyd’s Syndicate 1200 business of Argo Group for $125m.

Financials

Edit Data
Transaction Value£107m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

Edit

Insurance services providers Westfield Insurance and Enstar Group, completed the acquisition of the Lloyd’s Syndicate 1200 business of Argo Group, a reinsurance services provider, for $125m. “As part of our review of strategic alternatives, we are taking decisive actions to optimize our operations and business structure, better positioning the company for continued profitable growth and returns in the US as we strive to maximize value for shareholders. We believe Westfield and our Lloyd’s team members are well positioned for future growth and success, and we thank the Argo employees within those business units for their dedication to improving operational results in recent periods," Tom Bradley, Argo Chairman and CEO.

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