Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017

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Sabre leans towards IPO as sale talks stall

  • Adam McNestrie 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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