Validus To Acquire Talbot

Olympus Partners has agreed to sell Bermuda-based specialty insurance company Talbot Holdings Ltd. to Validus Holdings Ltd., a fellow insurance company backed by Aquiline Capital Partners, Goldman Sachs, New Mountain Capital and Vestar Capital Partners. No financial terms of the sale were disclosed. Talbot will serve as Validus' principal operation in the direct insurance market and Talbot's Syndicate 1183 will form its primary point of access to the London Market.