VR Insurance Holdings (Led by Vivek Ranadivé and BTIG) Acquires The National Security Group, Inc.
June 30, 2022
VR Insurance Holdings, a newly formed holding company led by Vivek Ranadivé, BTIG and a group of family offices and strategic investors, completed the acquisition of The National Security Group, Inc. (NASDAQ: NSEC). Under the merger each share of NSG common stock was converted into the right to receive $16.35 in cash and NSG will be taken private and operated as a subsidiary of VR Holdings to pursue growth in insurance and financial services.
- Buyers
- VR Insurance Holdings, Inc., Vivek Ranadivé, BTIG, A group of family offices and strategic investors
- Targets
- The National Security Group, Inc.
- Sellers
- Shareholders of The National Security Group, Inc.
- Industry
- Insurance
- Location
- Alabama, United States
- Transaction Type
- Buyout
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