Travers Smith has advised the senior management team of the Canopius Group on the acquisition by existing minority shareholder Samsung Fire & Marine Insurance Co., Ltd., alongside co-investors KKR and Korea Investment Corporation. The transaction marks the exit of a private equity consortium led by Centerbridge Partners from the Group and is conditional on receipt of customary regulatory approvals.
Canopius is a leading international speciality and P&C insurance and reinsurance provider with operations in Australia, Bermuda, Singapore, the UK, the US, Malaysia (Labuan) and China.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr, supported by Senior Counsel Asma Rashid and Associates Varnita Singh and Baaldesh Singh. Specialist tax advice was provided by Tax Partner Hannah Manning and Associate Nadia Ashbridge.
