JAB Holding Company Pet Insurance Business to Acquire Crum & Forster Pet Insurance Group and Pethealth Inc. from Fairfax Financial
June 20, 2022
JAB Holding Company’s pet insurance business has agreed to acquire all of Fairfax Financial’s interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc., including their worldwide operations. As part of the deal, Fairfax will receive $1.4 billion (including $1.15 billion cash and $250 million in seller notes) and will also invest $200 million in JAB’s JCP V consumer fund.
- Buyers
- JAB Holding Company
- Targets
- Crum & Forster Pet Insurance Group (C&F Pet), Pethealth Inc.
- Sellers
- Fairfax Financial Holdings Limited
- Platforms
- JAB's pet insurance business
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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