Alleghany Capital takes majority stake in Concord

Alleghany Capital has acquired a majority stake in Raleigh, North Carolina-based Concord Hospitality Enterprises Company, a hotel management and development company. No financial terms were disclosed. RBI Advisors provided financial advice to Alleghany while Proskauer Rose LLP provided legal counsel. And, Morris, Manning & Martin, LLP acted as legal counsel to Concord.

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