Terra Firma circling Chaucer

The company stated that it had received takeover approaches - its shares subsequently closed 17% higher, valuing Chaucer at around £335m.

Founded in 1922, Chaucer is a specialist insurance and reinsurance underwriting group. It provides the management skills, expertise and capital required to underwrite insurance risks at Lloyd's. Chaucer is already partly private equity-owned, as Pamplona Capital currently holds a 16.27% stake in the listed insurer.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

 

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