Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
Sabre leans towards IPO as sale talks stall
- 11 August 2017
Specialist motor insurer Sabre is gearing up for an IPO after its auction process failed to attract the valuations its private equity owners were targeting, The Insurance Insider can reveal.
Sources told this publication that talks with private equity house Centerbridge, which had minority support for its bid from Qatar Insurance Company, have stuttered in recent weeks.
The Centerbridge consortium is believed to have been the sole party left in the Evercore-run process after Warburg Pincus exited.
Sources said that...
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