M&A
confidence high
sentiment positive
materiality 0.85
White Mountains sells ~77% of Bamboo to CVC at $1.75B enterprise value
WHITE MOUNTAINS INSURANCE GROUP LTD
- White Mountains will sell ~77% equity interest in Bamboo to CVC, retaining ~15% fully-diluted stake.
- Transaction values Bamboo at $1.75 billion enterprise value; net cash proceeds expected ~$840M.
- White Mountains expects a gain of approximately $310 per share to book value from the sale.
- Closing expected Q4 2025, subject to regulatory approvals; no shareholder vote required.