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Announced

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Atalaya Capital and Culpeper Capital completed the investment in Golden Gate-backed Mosaic Insurance.

Financials

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Consideration TypeCash
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Tags

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specialty insurance

Full Line Insurance

Bermuda

Acquisition

Private

Private Equity

Friendly

Single Bidder

Cross Border

Minority

Completed

Synopsis

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Atalaya Capital, an alternative asset manager, and Culpeper Capital, a financial services-focused private-equity firm, completed the investment in Golden Gate-backed Mosaic Insurance, a global specialty insurer. Financial terms were not disclosed. “We’re excited to announce this important partnership for Mosaic as we grow critical mass and continue to take advantage of significant underwriting opportunities. Atalaya and Culpeper value what we’ve built to date, as well as Mosaic’s future growth potential, and they bring additional diverse financial-sector expertise that will be critical for the next stage of our journey. We look forward to working with them," Mitch Blaser, Mosaic Co-Founder and Co-CEO.

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