has agreed to sell

to Star Insurance Holdings, LLC, an entity organized by

Duff & Phelps Provided a Fairness Opinion to Syncora Holdings Ltd. in Connection with the Sale of Syncora Guarantee Inc.

Contact Us

In August 2019, Syncora Holdings Ltd. (“Syncora”) announced the signing of an agreement to sell Syncora Guarantee Inc., its wholly owned, New York financial guarantee insurance subsidiary, to Star Insurance Holdings LLC, an entity organized by GoldenTree Asset Management LP (“GoldenTree”) on behalf of GoldenTree’s managed funds and accounts, for $392.5 million in cash, subject to adjustment. The closing of the transaction remains subject to customary conditions and is expected to be completed by the end of the fourth quarter of 2019 or during the first quarter of 2020.

Duff & Phelps served as a financial advisor to the board of directors of Syncora and provided a fairness opinion in connection with the transaction.

About Syncora Holdings Ltd.
Syncora Holdings Ltd. (OTC: SYCRF) is a Bermuda-domiciled holding company. Syncora Guarantee Inc. is a wholly owned subsidiary of Syncora Holdings Ltd. 

About GoldenTree Asset Management LP
GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 and is one of the largest independent asset managers focused on global credit. GoldenTree manages over $30 billion for institutional investors including leading public and corporate pensions.

2019-08-29T00:00:00.0000000 /-/media/assets/images/transactions/2019/syncora-holdings-ltd.ashx /-/media/assets/images/transactions/2019/syncora-guarantee.ashx /-/media/assets/images/transactions/2019/goldentree-asset-management-lp.ashx /about-us/transactions/m-and-a/fairness-opinion-syncora-holdings-ltd case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {4DACD310-421A-42AC-BEF4-8AA7E70484CD} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {13E28841-C245-441D-8C3B-49E72DA5381C} {5CE144D0-ADDC-43A3-95E4-3428CA819BF8} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {B062D54C-1425-4A04-8F9F-95EA14068E6D} {2746A2DD-363F-4E48-8914-B4F0BDEA669C} {95D7F66C-11BB-4E7D-B07C-48874A321F98} {B871D4F9-5FCB-40B9-8710-871A30B710AB}

Related Services

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate finance transactions.

Corporate Finance

M&A Advisory

Middle-market M&A advisory differentiated by industry expertise and superior execution.

M&A Advisory

Transaction Advisory Services

Enable buyers, sellers and lenders to maximize value throughout the transaction process.

Transaction Advisory Services

Financial Sponsor Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Financial Sponsor Group

Private Capital Markets

Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.

Private Capital Markets

Business Valuation and Appraisals

Duff & Phelps provides valuation and asset appraisal for financial reporting, income tax, investment and risk management purposes.

Business Valuation and Appraisals

Related Case Studies

Insights

News