CPPIB agrees to buy Wilton Re for $1.8 bln from PE owners
Canada Pension Plan Investment Board (CPPIB) said Friday that it has agreed to acquire Wilton Re Holdings Ltd for US$1.8 billion. The sellers include Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL. Headquartered in Hamilton, Bermuda, Wilton Re is a provider of life insurance and reinsurance solutions in the United States. Update: André Bourbonnais, CPPIB's senior vice-president, private investments, said that the pension plan is investing alongside the company's management team and plans to invest further capital into the business to support its continued growth.
21 March 2014•3 mins read
