White mountains enter a $ 1.75 billion deal to strip the bamboo

White Mountains Insurance Group has agreed to cancel a controlling share on the CVC Capital Partners, in a deal worth $ 1.75 billion (1.5 billion euros).

Bamboo works as a platform that relies on data that focuses on the residential real estate market in California and Texas.

The work of the company’s general public prosecutor includes the entire placement process for its partners in the fisherman and reinsurance, including the development of products, insurance, marketing, policy issuance and demand management.

In addition, Bamboo runs two integrated companies: retail agency provides assistance products for a third party and reinsocating the prisoner to exchange the risk of subscription with reinsurance partners, thus harmonizing interests.

“We thank the White Mountains team for their guidelines and valuable support throughout our partnership. They played a fundamental role in making our vision a reality,” said John Zhu, CEO of Bamboo.

“This teacher represents a result of years of dedication and hard work by the entire bamboo team and achieved only with the support and confidence of our standard partners.”

It is expected that the sale of white mountains will produce about $ 310 per share in the book value and net cash revenues of about $ 840 million.

After the transition, the white mountains will retain about 15 % of interest in stocks in bamboo, equivalent to an evaluation of $ 250 million based on the sale price.

“This deal is the victory for both the shareholders of the white mountains, the management of bamboo and the employees,” said White Mountains and Financial Director Liam Kafri.

The deal is expected to be closed by the end of the fourth quarter of 2025, pending organizational approvals and the satisfaction of other standard closing conditions.

Its closure does not depend on funding.

In July 2025, white mountains He agreed to acquire 51 % stake in distinguished programs, and it specializes in managing the real estate and loss insurance program.

“The white mountains enter a $ 1.75 billion deal to Divest Bamboo” originally created and published by International Life InsuranceThe brand owned by Globaldata.

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