Cunningham Lindsey funds injection
Private equity fund manager Stone Point has agreed a deal to acquire a majority stake in Toronto-bas...
Private equity fund manager Stone Point has agreed a deal to acquire a majority stake in Toronto-based loss adjuster Cunningham Lindsey. Stone Point will acquire a 51% stake for around $80m in a newly formed holding company that will own the operating businesses of Cunningham Lindsey, which has a UK presence. A statement said that Fairfax, which retains 45%, and is Cunningham Lindsey's previous owner, will invest approximately $30m, while the senior management team of Cunningham Lindsey will own
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