Ardonagh valued at $2.4bn as KKR, Pimco sell stakes

David-Ross

The Ardonagh Group’s private equity backers Madison Dearborn Partners (MDP) and HPS Investment Partners (HPS) have bought out shares owned by KKR and Pimco in a £92mn ($117m) move that places a £1.9bn ($2.4bn) enterprise value on the UK intermediary.

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