Japan's Sompo agrees purchase of Bregal-owned insurer Canopius
Sompo Japan Insurance has agreed to acquire Canopius Group, a UK insurer which is 84%-owned by London-headquartered private equity firm Bregal Capital.
According to a release, Sompo Japan - a unit of NKSJ Holdings - will acquire all shares in the company for GBP594 million ($972 million), representing 1.5x multiple based on Canopius's unaudited tangible...
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