Homemiddle market companiesRIT Capital Partners Makes Investment in Corsair Capital

RIT Capital Partners Makes Investment in Corsair Capital

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RIT Capital Partners plc, a London, UK-listed investment trust chaired by Jacob Rothschild (ticker: RCP), has made a long-term investment in Corsair Capital, a private equity firm focused on investing in the global financial services industry.

RIT Capital Partners, whose strategy is to identify and invest in high quality asset managers, enabling close collaboration on investment opportunities, and sharing of expertise, has proposed to issue new ordinary shares for US$7,500,000 to acquire a minority stake of Corsair. The transaction is still subject to completion.

Led by Nicholas B. Paumgarten, Chairman, Corsair Capital, is a private equity firm focused on investing in insurance, asset management, depository institutions, and specialty finance in North America, Western Europe, and the Emerging Markets of Asia, Latin America, and Central Europe.

FinSMEs

22/07/2012