|
|
Article: Alea Group Holdings - Bermuda - Ltd. Receives an Additional US$90 Million in New Capital, Bringing Total Operating Capital To US$600 Million.
- Article from:
- Business Wire
- Article date:
- January 16, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
HAMILTON, Bermuda--(BUSINESS WIRE)--Jan. 16, 2002
Alea Group Holdings (Bermuda) Ltd. announced today that it has received an additional US$90 million of new equity capital from institutional investors, increasing Alea Group's total operating capital to US$600 million.
Dennis Purkiss, Chairman and Chief Executive Officer commented, "Alea Group is a very strongly capitalized operation. Our operating company structure is designed for capital efficiency and enables us to maintain licensed entities in many major markets and best meet the risk management needs of our clients around the world."
Perry Golkin, a KKR member, ...