White Mountains to Sell Bamboo to CVC [Yahoo! Finance]
White Mountains Insurance Group, Ltd. (WTM)
Last white mountains insurance group, ltd. earnings: 2/6 08:00 am
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whitemountains.com
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Source: Yahoo! Finance
today that it has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform providing homeowners' insurance and related products to the residential property market in California and Texas , to funds advised by CVC Capital Partners ("CVC"). The transaction values Bamboo at $1.75 billion White Mountains expects the transaction will result in a gain of approximately to its book value per share and net cash proceeds of approximately $840 million . White Mountains will retain an approximately 15% fully-diluted equity stake in Bamboo post-closing, valued at $250 million based on the transaction. "It has been our privilege to partner with Bamboo. Its rapid growth is a testament to the value and innovation it is bringing to the homeowners' insurance market," said Manning Rountree, Chief Executive Officer of White Mountains. "This transaction is a win-win for both White Mountains shareholders and Bamboo management and employees.
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News
- White Mountains Insurance Group (WTM): Assessing Valuation After a Steady Multi-Year Share Price Climb [Yahoo! Finance]Yahoo! Finance
- White Mountains Insurance Group (NYSE:WTM) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- White Mountains Insurance Group (NYSE:WTM) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Touchstone Small Cap Fund Q3 2025 Contributors And Detractors [Seeking Alpha]Seeking Alpha
- White Mountains to Commence Self-Tender Offer to Purchase Up To $300 Million In Value of Its Common SharesPR Newswire
WTM
Sec Filings
- 11/26/25 - Form 4
- 11/21/25 - Form SC
- 11/13/25 - Form 13F-HR
- WTM's page on the SEC website