{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-055702","form_type":"8-K","ticker":"WTM","cik":"0000776867","company_name":"WHITE MOUNTAINS INSURANCE GROUP LTD","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.139237+00:00","generated_at":"2026-05-16T14:09:07.737246+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"White Mountains completes sale of controlling Bamboo stake to CVC for $848M net cash","bullets":["Sold 77.3% equity interest in Bamboo Group for $848M net cash proceeds at closing on Dec 5, 2025.","Retained indirect equity interest valued at $250M (approx 15% fully-diluted stake).","Bamboo enterprise value on a cash-free/debt-free basis was $1.75B.","Pro forma net transaction gain after tax estimated at $816.6M, increasing book value by $844.6M.","Net proceeds include $3.6M held in escrow expected release in H1 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-055702","json":"https://secwatch.observer/filing/0001628280-25-055702.json","markdown":"https://secwatch.observer/filing/0001628280-25-055702.md","text":"https://secwatch.observer/filing/0001628280-25-055702.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/wtm-20251205.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:09:07.737246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"00643f95510c888f35d32edf7d2bf4de729041cb","claim":"WHITE MOUNTAINS INSURANCE GROUP LTD completed a disposition involving affiliates of funds advised by CVC Capital Partners for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (closed 2025-12-05).","evidence_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). --- EX-99.1 (EX-99.1) --- PRESS RELEASE - White Mountains Completes Sale of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001193125-26-251540","ticker":"CYH","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2026-06-01T20:30:16+00:00","headline":"Community Health Systems closes sale of four Arkansas hospitals for $110M cash to Freeman Health System","event_type":"m_and_a","sec_items":["2.01","9.01","8.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-251540","json":"https://secwatch.observer/filing/0001193125-26-251540.json","markdown":"https://secwatch.observer/filing/0001193125-26-251540.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/0001193125-26-251540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/cyh-20260601.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"the closing of the Transaction, after giving effect to estimated working capital, the assumption of finance leases by the Purchaser and before certain transaction expenses, was $110 million in cash (subject to a post-closing working capital adjustment). The foregoing summary of the Transaction and the terms and conditions of the Purchase Agreement is subject to, and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/0001193125-26-251540-index.htm"}},{"accession":"0001574085-26-000093","ticker":"BHR","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2026-06-01T20:11:33+00:00","headline":"Braemar completes sale of Park Hyatt Beaver Creek for $176M; repays $86.25M convertible notes","event_type":"m_and_a","sec_items":["2.01","7.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-26-000093","json":"https://secwatch.observer/filing/0001574085-26-000093.json","markdown":"https://secwatch.observer/filing/0001574085-26-000093.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/0001574085-26-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/bhr-20260526.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"On May 26, 2026, Ashford BC LP and Ashford TRS BC LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of April 27, 2026, by and among Seller and Apres Owner, LLC, as purchaser, for $176 million in cash, subject to customary pro-rations and adjustments.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408526000093/0001574085-26-000093-index.htm"}},{"accession":"0001171843-26-003196","ticker":"SSM","company_name":"Sono Group N.V.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Sono Group exits solar: sells Sono Motors and €10.5M loan to management for €1 each","event_type":"m_and_a","sec_items":["2.05","1.01","2.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-26-003196","json":"https://secwatch.observer/filing/0001171843-26-003196.json","markdown":"https://secwatch.observer/filing/0001171843-26-003196.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/f8ka_050826.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"true 0001840416 0001840416 2026-05-04 2026-05-04 UNITED\nSTATES SECURITIES\nAND EXCHANGE COMMISSION Washington,\nD.C. 20549 __________________________ FORM 8-K/A (Amendment No. 1) __________________________ CURRENT\nREPORT PURSUANT\nTO SECTION 13 OR 15(D) OF\nTHE SECURITIES EXCHANGE ACT OF 1934 Date\nof Report (Date of earliest event reported): May 4, 2026","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm"}},{"accession":"0001345126-26-000037","ticker":null,"company_name":"Compass Group Diversified Holdings LLC","filed_at":"2026-05-05T23:59:59+00:00","headline":"Compass Diversified sells Sterno food service business for $292.5M; receives ~$280M proceeds","event_type":"m_and_a","sec_items":["2.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001345126-26-000037","json":"https://secwatch.observer/filing/0001345126-26-000037.json","markdown":"https://secwatch.observer/filing/0001345126-26-000037.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1345122/000134512626000037/0001345126-26-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1345122/000134512626000037/codi-20260501.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"the Rimports Distribution and on May 1, 2026 completed the Merger pursuant to the Agreement. The sale price of Sterno’s food service business was based on an enterprise value of $292.5 million, subject to certain adjustments based on matters such as transaction expenses, change-of-control payments, option termination payments and the net working capital, cash and debt","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1345122/000134512626000037/0001345126-26-000037-index.htm"}},{"accession":"0001493152-26-021267","ticker":"LEEEF","company_name":"Leef Brands Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Leef Brands completes acquisition of Standard Holdings; issues 12.6M shares and $10K cash","event_type":"m_and_a","sec_items":["2.01","3.02","8.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021267","json":"https://secwatch.observer/filing/0001493152-26-021267.json","markdown":"https://secwatch.observer/filing/0001493152-26-021267.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/0001493152-26-021267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/form8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"the Introductory Note of this Current Report on Form 8-K is incorporated by reference in this Item 2.01. As\nconsideration for the Merger, the Company (a) issued an aggregate of 12,592,960 shares of the Company’s common shares, no par value\n(“Merger Shares”), to the holders of SHI’s senior preferred stock and (b) paid an aggregate of $10,000.00 in cash to\nthe","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/0001493152-26-021267-index.htm"}},{"accession":"0001964333-26-000060","ticker":"BHRB","company_name":"Burke & Herbert Financial Services Corp.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Burke & Herbert completes merger with LINKBANCORP; appoints COO, CFO","event_type":"m_and_a","sec_items":["2.01","5.02","5.03","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001964333-26-000060","json":"https://secwatch.observer/filing/0001964333-26-000060.json","markdown":"https://secwatch.observer/filing/0001964333-26-000060.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964333/000196433326000060/0001964333-26-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964333/000196433326000060/bhrb-20260501.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"fractional shares of Burke & Herbert Common Stock in accordance with the terms of the Merger Agreement. The total aggregate consideration payable in the Merger was approximately 5,102,855 shares of Burke & Herbert Common Stock. The issuance of shares of Burke & Herbert Common Stock in connection with the Merger was registered under the Securities Act of 1933, as","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1964333/000196433326000060/0001964333-26-000060-index.htm"}},{"accession":"0001104659-26-049906","ticker":"PBFS","company_name":"Pioneer Bancorp, Inc./MD","filed_at":"2026-04-28T23:59:59+00:00","headline":"Pioneer acquires Targeted Lending for ~$140M enterprise value; launches Specialty Financing division","event_type":"m_and_a","sec_items":["2.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049906","json":"https://secwatch.observer/filing/0001104659-26-049906.json","markdown":"https://secwatch.observer/filing/0001104659-26-049906.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1769663/000110465926049906/0001104659-26-049906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1769663/000110465926049906/pbfs-20260424x8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"the “Sellers”, and Brian Gallo, solely in his capacity as the representative of the Sellers (the “Seller Representative”). The all-cash transaction is valued at approximately $140 million in enterprise value. The aggregate consideration for the Purchased Interests consists of a base purchase price of approximately $54 million (the “Base Purchase Price”), subject","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1769663/000110465926049906/0001104659-26-049906-index.htm"}},{"accession":"0001683168-26-003159","ticker":"IVHI","company_name":"Invech Holdings, Inc.","filed_at":"2026-04-23T23:59:59+00:00","headline":"Invech buys sportypick.com sports betting platform for 5M restricted shares of IVHI stock","event_type":"m_and_a","sec_items":["1.01","2.01","3.02","8.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003159","json":"https://secwatch.observer/filing/0001683168-26-003159.json","markdown":"https://secwatch.observer/filing/0001683168-26-003159.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/invech_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"the terms of the Bamboo SPA, a wholly owned subsidiary of White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group for net cash proceeds at closing of $848 million and retained an indirect equity interest valued at $250 million (the “Bamboo Sale Transaction”). \n\n--- EX-99.1 (EX-99.1) ---\n\nPRESS RELEASE - White Mountains Completes Sale of","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/776867/000162828025055702/0001628280-25-055702-index.htm","comparable_excerpt":"has agreed to sell and the Company has agreed to purchase the website and total code of the sports betting platform\nwww.sportypick.com owned by Day (the “Assets”) in exchange for 5,000,000 restricted shares of common stock of the Company\n(the “Shares”). The foregoing information is a summary of the\nAPA involved in the transaction described above, is not complete,","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}