Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, is set to be acquired by one of its major shareholders, in an acquisition backed by investment group 777 Partners.
The acquisition will value Randall & Quilter’s (R&Q’s) existing issued share capital at approximately £482 million, while Brickell PC Insurance Holdings LLC, which is backed by 777 Partners, will also invest $100 million of new equity funding into R&Q.
The $100 million of equity funding is being used to de-lever R&Q’s balance sheet, as well as improve the firms financial profile after an in-depth review of the legacy insurance portfolio.
