Vantage Group to be acquired by Howard Hughes
Bermuda-based specialty re/insurer Vantage Group Holdings, which offers insurance and reinsurance to captives, is set to be acquired by Howard Hughes Holdings (HHH) for $2.1 billion in cash.
The deal, roughly 1.5x Vantage’s year-end 2025 book value, is set to close in Q2 2026, pending regulatory approvals.
Post-acquisition, Vantage, which was founded in 2020 and is backed by Carlyle and Hellman & Friedman, will anchor Howard Hughes’s push into a diversified holding company, while keeping its name, brand, culture, teams and go-to-market strategy intact.
The acquisition is expected to provide long-term capital support, enhancing Vantage’s credit profile and underwriting flexibility, the firms said in a statement.
Greg Hendrick (pictured), CEO of Vantage, commented: “I’m excited about starting Vantage’s next chapter through this acquisition. With Howard Hughes’ permanent capital and long-term vision, we expect to strengthen our balance sheet and expand opportunities in specialty insurance, reinsurance, and partnership capital. After closing, we anticipate enhanced resources to fuel profitable growth, drive innovation, and deliver even greater value to brokers and clients over time. None of this would be possible without the amazing passion and energy of 360 colleagues, the unwavering support of Carlyle and Hellman & Friedman, and the incredible support of our brokers and clients.”
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