Deals
Centerbridge Weighs Exit Options for £3 Billion Canopius
- The consortium is working with advisers on strategic review
- A sale of the specialty insurer is also among the options
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A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.9 billion), according to people familiar with the matter.
The group is working with advisers at Goldman Sachs Group Inc. and Jefferies Financial Group Inc. on the strategic review, the people said, asking not to be identified discussing confidential information. Canopius, which also counts Samsung Fire & Marine Insurance Co. among its backers, would likely be listed in London next year if the group decides to proceed with an IPO, according to the people.