Lee Equity Partners to acquire a 49% stake in Arcadian Risk Capital from SiriusPoint for $139m.

Lee Equity Partners, a private equity firm, agreed to acquire a 49% stake in Arcadian Risk Capital, a specialty managing general agent, from SiriusPoint, a global specialty insurer and reinsurer, for $139m. Lee Equity's investment will accelerate Arcadian's continued expansion into new lines of business and geographies. The company is actively targeting experienced underwriting teams with proven track records underwriting across insurance cycles.