Nephila Capital and KKR Announce Strategic Partnership

January 24, 2013

On January 23, 2013, KKR & Co. (NYSE: KKR) and Bermuda-based investment manager Nephila Capital announced KKR’s acquisition of a 24.9% interest in Seward & Kissel client Nephila from management and UK-based minority stakeholder Man Group.


On January 23, 2013, KKR & Co. L.P. (NYSE: KKR) and Nephila Capital Ltd. announced KKR’s acquisition of a 24.9% interest in Seward & Kissel client Nephila.  The shares will be acquired pro rata from Nephila management and UK-based alternative manager Man Group plc, Nephila’s minority stakeholder, which will retain an 18.75% interest in Nephila.  Financial terms were not disclosed.  Nephila’s management will continue to manage the business and will reinvest all proceeds in Nephila funds.  KKR is a global investment firm with approximately $66.3 billion in assets under management.  Nephila is a Bermuda-based investment management firm specializing in reinsurance risk investments, offering a broad range of products focusing on instruments such as insurance-linked securities, catastrophe bonds and weather derivatives.  Nephila has approximately $8 billion in assets under management.  The Seward & Kissel team representing Nephila was led by partner Craig Sklar and counsel Nick Katsanos and associate Zelda Ferguson.

To read the press release, please click here.


Categories

Hedge Fund Strategic Investments, Investment Manager Strategic Investments, Transactions