Legacy acquirer DARAG Group has announced the planned sale of its North American and Bermuda business entities to RiverStone Group. The transaction, which is subject to regulatory approvals, is expected to be completed by the end of the year.
DARAG highlights that both its North American and Bermuda operations have established a solid presence in their niche markets. DARAG and RiverStone Group said that they will work together to ensure a smooth transition for the business entities and their active transaction pipeline.