Liberty International Holdings has acquired Penta Security
Liberty International Holdings Inc., a member of Liberty Mutual Insurance Group, has acquired Compañia de Seguros Generales Penta Security S.A. (Penta Security) for US$150 million.
Liberty International provides personal and commercial insurance services. Its products include casualty, specialty casualty, marine, energy, engineering, and reinsurance. The company sells its products through broker networks. Liberty International was founded in 1994 and is based in Boston, Massachusetts, with additional offices in Asia, Australia, Europe, and North America. Penta Securiy offers a solid opportunity for Liberty International to continue its expansion and growth in Chile’s US$3 billion non-life insurance market.
Penta Security, the fourth largest non-life insurance company in Chile, offers a diversified portfolio, including personal and commercial insurance.
Oaklins' team in Chile advised the buyer in this transaction and structured a Public Tender Offer.
Contáctese con el equipo de la transacción
Transacciones relacionadas
True Securitizadora has been acquired by Opea
The private shareholders of True Securitizadora have sold the company to Opea Securitizadora. The acquisition is part of Opea’s strategy to expand its portfolio of services and products, and reinforce its operations in securitization.
Aprenda másFRP Advisory Group plc has finalized a successful secondary placing
FRP Advisory Group plc has completed a fundraising. The book was oversubscribed and approximately £20.4 million (US$33 million) of shares were sold by certain directors and partners of FRP to new and existing institutional investors at 128 pence per ordinary share.
Aprenda másTabula Investment Management has been acquired by Janus Henderson Group plc
Tabula Investment Management has been sold to Janus Henderson Group plc. The deal builds on Janus Henderson’s extremely successful active fixed income ETF proposition in the US, where it is the fourth largest provider of active fixed income ETFs by assets under management. The transaction is expected to complete in the second quarter of 2024, subject to usual closing conditions, including regulatory approvals.
Aprenda más