Accelerant agreed to go private in a deal with private-equity firm Thoma Bravo worth more than $4 billion. Under the terms of the deal, Accelerant shareholders will receive $20.25 a share in cash, representing a 49% premium to the company's closing share price on Aug. 12. Even Claude Is in the Dark About Dario Amodei's Wife—and Her Influence at Anthropic Bill Ackman Calls His New Fund's Slumping Stock Price 'Frankly Absurd' Tyson Foods to Exit More Beef Plants, With Cattle in Short Supply Americans Love the Roar of a V-8 Engine—and They Don't Want to Give It Up Accelerant had about 218.2 million Class A and B shares as of the end of its latest quarter, putting the deal's equity value at roughly $4.4 billion.
Shares jumped 43% to $19.47 in premarket trading Thursday. The company, which uses data analytics to connect specialty insurance underwriters with risk capital partners, said it has formed a special independent committee to review the transaction, which it unanimously recommended to the board. The deal is expected to close in the first half of 2027.
If the closing is delayed, shareholders will receive a ticking fee accruing at a rate of 6% per year for a period specified in the agreement. Entities affiliated with Altamont Capital Partners, which owns shares representing about 82% of Accelerant's voting rights, have agreed to vote their shares in favor of the transaction, the company said. Write to Katherine Hamilton at [email protected] Charter Gets Final State Approval for $21.9 Billion Cox Deal There Aren't Enough Ships to Handle China's Booming Car Exports The 'Mystery Vacations' That Give You No Idea Where You're Actually Going Apple Showcases Texas Mac Mini Factory, New Manufacturing School Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
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