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11 Articles
KKR and Quadrantis Take 15% Stake in Peak Re
In a move signaling confidence in Asia’s reinsurance sector, U.S. private equity powerhouse KKR and Portuguese venture capital firm Quadrantis announced Tuesday that they will acquire a combined 15% stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. to accelerate its international expansion. According to the deal, Kohlberg Kravis Roberts & Co. will control an 11.27% stake, while Quadrantis Capital will hold around 1.8% of Peak Re’s iss…
KKR, Quadrantis Buying Minority Stakes in Fosun's Peak Re
Fund managers KKR and Quadrantis Capital have agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance at an undisclosed price. Manhattan-based KKR and Portugal’s Quadrantis are picking up their respective 11.27 percent and 1.8 percent of Peak Re’s share... Read More>> The post KKR, Quadrantis Buying Minority Stakes in Fosun’s Peak Re appeared first on Mingtiandi.
The reinsurer Peak Re will receive two new minority shareholders. The global investment firm KKR will acquire a share of 11.27 percent, while the Portuguese asset manager Quadrantis Capital will acquire a share of around 1.8 percent. The transaction is expected to be completed in the fourth quarter of 2025. The previous shareholder Prudential Financial will agree against it. It has held a share of 13.07 percent so far. The majority shareholder r…
The Hong Kong-based reinsurer Peak Re will bring on board the US company KKR and the Portuguese investor Quadrantis Capital as a minority shareholder. After completion of the transaction, KKR will hold approximately 11.27 percent and Quadrantis Capital approximately 1.80 percent of the issued shares on the 2012-founded companies. Fosun will remain majority-owner. Prudential rejects its participation. The contribution KKR and Quadrantis will incr…
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