Apollo, CVC Seek Initial Public Offering of Insurer Brit Group
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Brit Insurance Holdings B.V., a Lloyd’s of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month.
A minimum of 25 percent of the company will be sold to investors, with private-equity owners remaining the largest shareholders, Brit said in a statement today. Management and employees will also sell some of the stock.