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Kekst CNC represents RenaissanceRe Holdings as it acquires American International Group’s Validus Reinsurance in a deal valued at $3B.
The acquisition creates a Top 5 global property and casualty reinsurer.
Kevin O’Donnell, RenaissanceRe CEO, said the deal provides “access to a large book of reinsurance business in a favorable market environment” and “accelerates three drivers of profit—underwriting, fee and investment income.”
The acquisition also strengthens RenaissanceRe’s relationship with AIG, which is expected to make substantial investments in RenaissanceRe’s Capital Partners unit.
Kekst CNC co-CEO Jeremy Fielding, vice chairman Jeffrey Taufield, partner Nicolas Capuano, associate Emma Cloyd and senior analyst Jack Keeler handle the RenaissanceRe business.
Publicis Groupe owns Kekst CNC.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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