Apollo, CVC To Buy Brit Insurance For $1.4B
Apollo began courting Brit Insurance in June, and ultimately teamed up with CVC Capital to seal the deal. The two will purchase the Amsterdam-based insurance company through Achilles Netherlands Holdings BV, a company formed for the purpose of implementing the acquisition.
The £888 million offer involves a cash payment of £10.45 and a capital distribution...
To view the full article, register now.