Kester Capital

Kester Capital announces sale of Ironshore

23 November 2015

Kester Capital is pleased to announce the sale of Ironshore to Fosun International Limited.

During Kester Capital's investment period, Ironshore built a diversified, global speciality insurance platform with a deep management team.  Ironshore's focus on longer-tail liability coverage created a substantial amount of cash float income, which was deployed into the investment portfolio over time. As a result, Ironshore presented an attractive, scalable platform for a strategic acquirer.

Kester Capital originally made its investment in Ironshore in Spring 2007. The exit is the fourth from Kester Capital’s first fund and generated a 2.1x money multiple.

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.

For further enquiries please contact:
Cameron Crockett or Adam Maidment
Kester Capital LLP
+44 (0)20 3747 5700