LONDON, UK: Helios, the investment vehicle which builds shareholder value through exposure to Lloyd’s, announced the completion of a further LLV acquisition on Tuesday.
The company said it has acquired Park Farm Underwriting Limited, that provides access to syndicate capacity of £2.3m on the Freehold Syndicate, one of the best performing syndicates at Lloyd’s.
The total cash consideration for the acquisition was £3.2m, representing a multiple of 1.4 times the 2021 capacity.
Helios said the acquisition is in line with its strategy of increasing its exposure to high-quality syndicates at Lloyd’s and enhancing its returns for shareholders.
The company added that it continues to explore further opportunities to acquire LLVs and other vehicles that provide access to Lloyd’s capacity.