Cunningham Lindsey Recapped
December 12, 2012- Share:
A consortium of investors has completed a $934 million recapitalization of Cunningham Lindsey, a loss adjusting and claim management firm. CVC Capital Partners led the transaction and was joined by new investor Allied World Assurance. Stone Point Capital and Fairfax Financial Holdings (TSX: FFH), which originally acquired Cunningham Lindsey for $123 million in 2007, sold some of their stake but “will remain substantial and active shareholders.” BofA Merrill Lynch, Morgan Stanley, RBC Capital Markets and UBS provided full committed financing to CVC in the transaction.
Insurance
Tampa, FL
Provider of loss adjusting and claim management services
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