White Mountains to Sell Bamboo to CVC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2025
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Source: PRnewswire
Transaction Overview: White Mountains Insurance Group has agreed to sell a controlling interest in Bamboo, a homeowners' insurance distribution platform, to CVC Capital Partners for $1.75 billion, expecting a gain of approximately $310 per share and net cash proceeds of about $840 million.
Future Partnership: White Mountains will retain a 15% equity stake in Bamboo post-transaction, and both companies express optimism about the future growth of Bamboo under CVC's majority ownership, highlighting the platform's innovative approach to the insurance market.
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About WTM
White Mountains Insurance Group, Ltd. is a diversified insurance and related financial services holding company that owns and manages businesses seeking a stable, sophisticated partner to drive value creation. Its segments include Ark/WM Outrigger, HG Global, and Kudu. Ark/WM Outrigger segment includes Ark Insurance Holdings Limited and its subsidiaries (Ark) and Outrigger Re Ltd. Ark is a specialty property and casualty insurance and reinsurance company that offers a wide range of niche insurance and reinsurance products, including property, specialty, marine & energy, casualty and accident & health. HG Global segment is engaged in the municipal bond reinsurance business. The Kudu segment consists of Kudu Investment Management, LLC and its subsidiaries. Kudu provides capital solutions for boutique asset and wealth managers for a variety of purposes, including generational ownership transfers, management buyouts, acquisition and growth finance and legacy partner liquidity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
