CVC Capital Partners to Acquire Controlling Interest in Bamboo

White Mountains Acquires Majority Stake in Bamboo Ide8 Insurance Services

October 20, 2023

Financial Services

White Mountains Insurance Group agreed to acquire approximately a 70% majority stake in Bamboo Ide8 Insurance Services, LLC, investing about $285 million including primary capital to support growth. Bamboo, a tech- and data-enabled MGA serving over 100,000 California homeowners, will remain led by founder John Chu and management, and plans to expand beyond California with White Mountains as a capital partner.

Rubicon Technology Partners Invests in Bamboo Rose

June 21, 2022

Cloud & SaaS

Rubicon Technology Partners has made a strategic growth investment in Bamboo Rose, the Gloucester, Massachusetts-based provider of a unified product lifecycle and supply chain management SaaS platform. The capital is intended to accelerate product innovation and global go-to-market expansion; Bamboo Rose was previously a portfolio company of McCarthy Capital and Harris Williams served as financial advisor on the transaction.

Ethos Capital, BCI and White Mountains Acquire Ownership Position in BroadStreet Partners (with Ontario Teachers' Co-Control)

April 10, 2025

Insurance

BroadStreet Partners, a North American middle-market insurance brokerage, announced that an investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet. Ontario Teachers’ Pension Plan will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group.

DigitalBridge Investment Management Acquires Controlling Stake in Vertical Bridge

August 10, 2021

Telecommunications

Funds affiliated with DigitalBridge Investment Management have acquired a controlling stake in Vertical Bridge Holdings, LLC, the largest private owner and operator of wireless communications infrastructure in the United States. The investment consolidates ownership to support Vertical Bridge’s continued scaling across more than 308,000 sites (including 8,000+ towers) and to capitalize on growing demand for 5G and other next-generation telecom infrastructure.

The Carlyle Group to Acquire NSM Insurance Group from White Mountains

May 9, 2022

Insurance

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.

Bamboo Rose Acquires Verteego

January 7, 2025

AI & Machine Learning

Bamboo Rose has acquired Verteego, a decision-intelligence platform that provides AI-driven supply chain and retail decision automation. The acquisition integrates Verteego's AI capabilities into Bamboo Rose's retail management and PLM platform to deliver automated, cross-functional decision intelligence for retailers, brands and manufacturers.