Samsung increases Canopius shareholding to 40%

By Scott Vincent

June 11 - (The Insurer) - Samsung Fire and Marine Insurance has agreed to acquire an additional 21% equity stake in Canopius, the Lloyd’s insurer announced on Wednesday.

This stake has been purchased from existing shareholders Fidentia Fortuna Holdings, led by U.S. private equity firm Centerbridge Partners.

The investment, which is subject to regulatory approval, is SFMI’s third in Canopius and gives it a 40% stake in the company.

Fenchurch Advisory Partners served as financial adviser on the transaction to Canopius and Fidentia Fortuna Holdings, with Macquarie Capital acting as SFMI's financial adviser.