Darag considers equity raise

European legacy acquirer Darag has appointed Macquarie to advise
on an equity raise as it looks to secure funds for its deal
pipeline, The Insurance Insider
understands.
Sources told this publication the firm was still in the
relatively early stages of exploring its options, but it would be
raising equity rather than debt.
Darag, which has around EUR100mn ($112mn) of net assets, is
owned by private equity firm Keyhaven Capital.
Banking sources said that Darag will look at both a...