Private equity
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value. -
The hedge fund had significant investment aims for the London market.
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The executive is charged with defrauding investors out of nearly $500mn.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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The business has been ~70% owned by White Mountains since January 2024.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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The tech firm is building a joint stock company with insurers and investors.
