The Carlyle Group to Acquire NSM Insurance Group from White Mountains
May 9, 2022
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with The Carlyle Group for $1.775 billion. Carlyle will partner with NSM's founder-led management team to pursue operational improvements, accretive M&A and strategic investments in technology and data & analytics; the deal is expected to close in the second half of 2022, subject to regulatory approvals.
- Buyers
- The Carlyle Group
- Targets
- NSM Insurance Group
- Sellers
- White Mountains Insurance Group
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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