Source: GlobeNewswire

Press Release: Stone Point Capital : AmTrust Financial Services, Inc. Announces Retention of Financial Advisor to Review Proposal by Stone Point Capital, the CEO and the Karfunkel Family

NEW YORK, Jan. 19, 2018 (GLOBE NEWSWIRE) -- AmTrust Financial Services,Inc. (Nasdaq:AFSI) ("AmTrust"), announced that the special committee of its board of directors has retained Deutsche Bank Securities Inc. as its financial advisor. The Special Committee, with the assistance of Deutsche Bank and its legal advisor, Willkie Farr & Gallagher LLP, is evaluating the proposal received on January 9, 2018 from private equity funds managed by Stone Point Capital LLC, together with Barry D. Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel (collectively, the "Karfunkel-Zyskind Family"), to acquire all of the outstanding shares of common stock of AmTrust that the Karfunkel-Zyskind Family does not already own or control for $12.25 per share in cash. There can be no assurance that any agreement will be executed or that a transaction will be approved or consummated.

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Charles A. Davis's photo - CEO of Stone Point Capital


Charles A. Davis

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Stone Point Capital is a venture capital firm that focuses on investments in the financial services industry. Read more