Lee Equity to Acquire Majority Stake in Arcadian Risk Capital for $139M
Lee Equity Partners, led by Mark Mauceri, has agreed to acquire SiriusPoint's 49% stake in Arcadian Risk Capital, a specialty MGA, for $139 million. The deal, expected to close in Q1 2026, follows Arcadian's impressive growth since its 2020 founding.
Arcadian, operating in Bermuda, Ireland, the UK, and the US, has seen rapid growth. It reported $225 million in gross written premiums in its first full year and $290 million in 2022. SiriusPoint, which initially backed Arcadian with capital and a minority stake, will recognise a pre-tax gain of $25-30 million upon sale completion, adding to the previous $96 million gain.
SiriusPoint's CEO, Scott Egan, expressed excitement about maintaining the partnership with Arcadian, supporting its next chapter under founder and CEO John Boylan. Mauceri praised Arcadian's track record and looks forward to partnering with the company for its next stage of growth. SiriusPoint has also renewed its capacity agreement with Arcadian until 2031.
The sale of SiriusPoint's stake in Arcadian to Lee Equity Partners for $139 million marks an important milestone for Arcadian. Upon completion, expected in Q1 2026, Lee Equity will become the majority shareholder, replacing Grosvenor Group. Arcadian's impressive growth and track record have attracted significant investment, positioning it for further expansion.
