Centerbridge Partners consortium $952 million acquisition of Canopius

Overview:

• A consortium, led by Centerbridge Partners and including Gallatin Point Capital, has acquired Canopius for $952 million from Japanese insurance group Sompo Japan Nipponkoa Insurance.
• The deal was completed through Fidentia Fortuna Holdings, which is an entity wholly owned by the members of the consortium.
• Canopius is an insurance and reinsurance company headquartered in Switzerland active in the Lloyd's insurance market.
• The financial advisers to Sompo were Macquarie Capital and GS Securities, while Royal Bank of Canada advised Centerbridge. 
• Sompo acquired Canopius for around $1 billion in 2014 and took over Endurance Specialty earlier this year.

Katrin Kostadinova - Data analyst