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New Deal


Announced

Lexasure to go public via a merger with Capitalworks Emerging Markets Acquisition in a $250m deal.

Financials

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Transaction Value£207m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Insurance Brokers

Acquisition

Cayman Islands

Merger

Friendly

De-SPAC

Reverse Takeover

Single Bidder

insurance and reinsurance

Private

Pending

Domestic

Synopsis

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Lexasure Financial Group, a provider of reinsurance and digital insurance solutions, agreed to go public via a merger with Capitalworks Emerging Markets Acquisition, a special purpose acquisition company, in a $250m deal. “We are thrilled to partner with a company with a proven track record of growth and profitability that is also advancing financial inclusion goals by bringing insurance products to historically underserved populations across Southeast Asia and South Asia,” Whitney Baker, CEMAC Chairman.

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