trending Market Intelligence /marketintelligence/en/news-insights/trending/kj2tw2zalxiqmend7je2zq2 content esgSubNav
In This List

Sabre Insurance shares sale raises £116.4M


S&P Capital IQ Pro | Unrivaled Sector Coverage


S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge


Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Sabre Insurance shares sale raises £116.4M

Some private equity funds advised by Sabre Insurance Group PLC's former owner BC Partners and founder Angus Ball completed the sale of 44,757,377 ordinary shares in Sabre Insurance at £2.60 per share, raising gross proceeds of £116.4 million.

Following the offering's completion, BC Partners no longer owns any shares in the U.K. motor insurer, while Angus Ball owns about 1.8% of its outstanding ordinary share capital.

Allocations will be confirmed Sept. 5 for settlement Sept. 7.

Barclays Bank PLC acted as sole global coordinator and book runner on the offering.