Arch capital group ltd. (nasdaqgs:acgl) completed the acquisition of barbican group holdings limited from funds managed by carlson capital, l.p.

Arch capital group ltd. (nasdaqgs:acgl) entered into an agreement to acquire barbican group holdings limited from funds managed by carlson capital, l.p., on july 30, 2019. the acquisition includes barbican managing agency limited, lloyd’s syndicate 1955, lloyd’s syndicate 1856 (“arcus”), lloyd’s special purpose arrangement (“spa”) 6132, castel underwriting agencies limited (“castel”) and other associated entities. the transaction will be funded by carlson capital. completion of the transaction is subject to regulatory approval and is expected to close in fourth quarter 2019. rbc capital markets inc., acted as exclusive financial advisor to arch capital group ltd. tigerrisk capital markets & advisory acted as exclusive financial advisor to barbican group holdings limited and carlson capital, l.p. womble bond dickinson (uk) llp and willkie farr & gallagher (uk) llp acted as legal advisors to carlson capital, l.p. robert chaplin, dominic robertson and sandeep maudgil of slaughter and may acted as legal advisor to carlson capital, l.p. arch capital group ltd. (nasdaqgs:acgl) completed the acquisition of barbican group holdings limited from funds managed by carlson capital, l.p., on november 29, 2019. barbican will be consolidated into arch’s insurance and reinsurance operations while continuing to grow partnerships with third-party capital relationships. castel will continue to operate independently with financial support for its continued growth provided by arch.
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