Newport Specialty Partners, a newly established specialty insurance platform backed by private equity firm Lovell Minnick Partners, has made a majority investment in New York-based Complex Coverage. (ICC). The deal marks the inaugural platform acquisition for Newport, marking the start of a broader strategy to build a diversified managing general agency (MGA) and specialty insurance…
Teasdale Latin Foods changed hands and ownership became a group led by Knighthead Capital Management. In a statement yesterday (April 7), the Hispanic food supplier said the transition eliminated about $300 million of debt and “substantially” improved its future operating liquidity. Teasdale manufactures a variety of beans, ground corn, tortillas, snacks and sauces for private…
Carlyle agreed to acquire a majority stake in MAI Capital Management, valuing the company at more than $2.8 billion. The private equity firm first gained exposure to MAI in 2021 through its investment in Galway Holdings, which acquired a majority stake in Cleveland-based RIA that same year. The latest deal will see Galway Holdings, Harvest…
JC Flowers & Co. agreed to buy a majority stake in Niyam Group, a reinsurance platform operating in GIFT City in India. The private equity firm will also act as lead investor in Niyam Syndicate 2047, a newly created syndicate at Lloyd’s. Niyam aims to link international capital with insurance opportunities in India and other…
(Resubmit with the company name in the headline in one word without the space) By Milana Vinn and Krystal Hu Feb 6 (Reuters) – Private equity firm Vista Equity Partners is leading a new funding round of more than $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional…
