CPPIB ups Enstar stake in $190mn Goldman's deal

The Canada Pension Plan Investment Board (CPPIB) is set to
continue to escalate its exposure to insurance just days after its
$1.1bn deal to acquire Ascot by buying a further 6 percent stake in
legacy-to-live carrier Enstar, The Insurance
Insider can reveal.
The deal, which is thought to be worth $190mn, will see the
investment giant's holding increase to 19.9 percent of the
Nasdaq-listed carrier.
It is acquiring the stake from the private equity arm of Goldman
Sachs, which this...