Pestalozzi advises Aleph Capital Partners and Crestview Partners on EUR 260 million financing of run-off specialist DARAG group
Aleph Capital Partners and Crestview Partners agreed to a EUR 260 million investment in the DARAG Group, subject to the usual closing conditions including the required regulatory approval. DARAG is a leading international insurance and reinsurance company specializing in the acquisition of inactive insurance portfolios from insurers and reinsurers and has completed 23 transactions worth over €740 million in 15 countries since 2009. Aleph and Crestview will become shareholders alongside DARAG's existing shareholder, Keyhaven Capital Partners. Pestalozzi advised Aleph Capital Partners and Crestview Partners as to Swiss law.