M&A
confidence high
sentiment positive
materiality 0.75
SiriusPoint sells 49% Arcadian stake to Lee Equity for $139m; extends capacity deal to 2031
SiriusPoint Ltd
- Sale of 49% equity stake in Arcadian for $139 million, inclusive of pre-close dividend.
- SiriusPoint expects pre-tax gain of $25-30 million; previously recognized $96 million gain in Q2 2024.
- Underwriting capacity agreement with Arcadian renewed and extended through at least December 31, 2031.
- Transaction expected to close before end of Q1 2026, subject to regulatory approvals and conditions.
- Arcadian generated $17.6 million in LTM adjusted EBITDA.