CVC Capital Partners to acquire a majority stake in Bamboo from White Mountains.

CVC Capital Partners, a private equity firm, agreed to acquire a majority stake in Bamboo, a data-enabled insurance distribution platform, from White Mountains, a financial services holding company. Financial terms were not disclosed. "It has been our privilege to partner with Bamboo. Its rapid growth is a testament to the value and innovation it is bringing to the homeowners' insurance market. This transaction is a win-win for both White Mountains shareholders and Bamboo management and employees. We want to thank John and the entire Bamboo team for all of their hard work, and we look forward to continued partnership with them and CVC," Liam Caffrey, White Mountains President and Chief Financial Officer.