Till Capital to buy IAM-owned Omega Insurance for $15.4 mln
Bermuda-based reinsurance company Till Capital Ltd (TSX-V: TIL) has agreed to acquire Omega Insurance Holdings Inc for around $15.4 million plus an additional amount of up to $3 million for any transactions in process at closing. The deal, which includes Omega subsidiaries Omega General Insurance Co and Focus Group Inc, will increase Till Capital's insurance and reinsurance capacity and assets, the company said. Based in Toronto, Omega is 77 percent owned by Integrated Partners LP I, a private equity fund affiliated with Canadian alternative assets manager Integrated Asset Management Corp (IAM). The fund invested in the company in 2004.
15 October 2014•4 mins read
