Mount Logan Capital to merge with 180 Degree Capital for $114m.

Mount Logan Capital, an alternative asset management and insurance solutions company, agreed to merge with 180 Degree Capital, a publicly traded registered closed-end fund, for $114m. “We are incredibly excited to embark on the next phase of Mount Logan’s journey with 180 Degree Capital and its team, including Kevin and Daniel. We view the transaction as a significant milestone for both Mount Logan and 180 Degree Capital shareholders, as we believe our team has built a unique platform, which is well positioned to take advantage of the opportunities we see in the alternative asset management and insurance solutions space. Through the combination with 180 Degree Capital, we will have a larger balance sheet that allows us to scale through investment into other organic and inorganic growth opportunities, benefitting all key stakeholders. The combination also creates alignment among all shareholders who will now share in the upside of a larger company, aligned towards two of the fastest growing segments in the financial services space," Ted Goldthorpe, Mount Logan CEO and Chairman.