Reuters - KKR Buys 24.9% Stake in Nephila Capital

Private equity company KKR & Co LP said on Wednesday it acquired a 24.9 percent stake in Nephila Capital Ltd, an investment management firm that focuses on natural catastrophe and weather risk, Reuters reported. Terms of the deal were not disclosed. KKR obtained shares from Nephila's management as well as from hedge fund manager Man Group Plc, which retained an 18.75 percent stake in the firm.

DealsNorth AmericaUSBriefs