Nick Packer News

CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax

CVC Capital Partners (CVC), the Luxembourg-headquartered private equity firm, announced the completion of its acquisition of RiverStone Europe from Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees. The purchase price of the acquisition is approximately …

Enstar Launches Bermuda Specialty Reinsurer KaylaRe; Packer Appointed CEO

Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; …