Catalina asks Barclays to look at ownership changes

Legacy specialist Catalina has retained Barclays Capital (BarCap)
to run a strategic process that its owners hope will put a $1bn
valuation on the business, The Insurance
Insider has learned.
Catalina, which has book value of $700mn, is owned by fund
management giant Apollo and Canadian pension funds Ontario
Teachers' Pension Plan and La Caisse de dépôt et
placement du Québec, with the balance held by CEO Chris Fagan
and the rest of the management team.
A full bid process...