White Mountains Insurance Group, Ltd. announced the completion of the sale of a controlling interest in Bamboo to CVC Capital Partners.
White Mountains retains approximately 15% fully-diluted equity stake in Bamboo post-sale.
This transaction marks a significant strategic move for White Mountains in the insurance sector.
Sale Completion
White Mountains finalized the sale of Bamboo to CVC Capital Partners.
Retained Stake
White Mountains holds around 15% equity stake in Bamboo post-sale.
- The sale to CVC Capital Partners is expected to boost White Mountains' financial position.
- This strategic move may lead to future collaborations and investment opportunities for White Mountains.
The sale of Bamboo signifies a strategic shift for White Mountains towards optimizing its portfolio and seeking new growth opportunities in partnership with CVC Capital Partners.