Ardonagh December 24 raise measured at $2.5bn – report
Ardonagh will bring in up to $2.5bn (£1.94bn) from investors to be used for its growth plans including acquisitions, according to Bloomberg.
The report stated the capital raise has been oversubscribed with more demand than available supply, and is expected to close this summer.
RelatedCEO Ross hails “new phase” as Ardonagh valued at £11bn after Stone Point investment Ardonagh completes more than $5bn refinance Ardonagh completes PSC buyA spokesperson for Ardongah declined to comment when approached by Insurance Age.
Ardonagh previously announced an equity investment from funds managed by US-based private equity firm Stone Point
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