Fosun to acquire remaining interest in Ironshore
01 May 2015
Kester Capital portfolio company, Ironshore Inc. (“Ironshore”), and Fosun International Limited announced that they have entered into a definitive agreement for Fosun to acquire the remaining interest in Ironshore that Fosun does not already own. The acquisition of the remaining interest in Ironshore will be effected by the merger of an indirect wholly-owned subsidiary of Fosun International Limited with and into Ironshore, with Ironshore as the surviving company. After giving effect to the merger, Ironshore will be an indirect wholly- owned subsidiary of Fosun International Limited. The transaction is subject to the receipt of regulatory approvals and other customary closing conditions.
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About Kester Capital
Kester Capital is a mid-market UK private equity firm investing in businesses with an enterprise value of £10-50 million. It was established in 2007 as Greenhill Capital Partners Europe, the European private equity arm of Greenhill & Co.