Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty), announced today
that its subsidiary Assured Guaranty US Holdings Inc. (AGUS) acquired a
minority interest in Cadia (Malta) Limited (CML), the holding company of
Rubicon Infrastructure Advisors (Rubicon). Rubicon is a full-service
investment banking firm active in the global infrastructure sector.
Rubicon has advised on over 70 merger and acquisition and capital
raising assignments worth in excess of $30 billion over the past five
years. Rubicon operates on a global basis and has advised on
transactions in Europe, the U.K., North America and Latin America. It
provides investors, operating managers and construction companies with
independent advice. Rubicon maintains offices in Dublin, New York, and
Madrid.
The AGUS investment in Rubicon’s growing business capitalizes on core
strengths of both companies, including infrastructure credit analysis
and strong industry relationships. The primary purpose of the investment
is to support Rubicon’s continued international expansion.
Dominic Frederico, President and CEO of Assured Guaranty commented,
"Assured Guaranty’s investment in Rubicon advances one of our key
strategic priorities - to pursue carefully selected alternative
investments, beyond our core financial guaranty business, that further
diversify our revenue sources and have risk profiles consistent with our
own. We look forward to cooperating with Rubicon to expand both
companies’ opportunities in the global infrastructure finance market.”
David Buzen, Senior Managing Director, Alternative Investments, added,
"Rubicon exemplifies the type of company we are looking for in our
alternative investment strategy – it operates in a market we understand
well and has complementary strengths and risk appetite, strong
management and significant growth potential.”
Any forward-looking statements made in this press release reflect
Assured Guaranty’s current views with respect to future events and are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks and
uncertainties that may cause actual results to differ materially from
those set forth in these statements. These risks and uncertainties
include, but are not limited to, conditions in the infrastructure
finance market, including potential curtailment of private finance
initiative (PFI) projects due to changes in government policy; inability
to realize benefits of synergy between Rubicon and Assured Guaranty;
difficulties executing Rubicon’s or Assured Guaranty’s business
strategies; and other risks and uncertainties that have not been
identified at this time, management’s response to these factors, and
other risk factors identified in Assured Guaranty’s filings with the
Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which are made as of
February 27, 2018. Assured Guaranty undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
AGUS is a subsidiary of Assured Guaranty Ltd., a publicly traded
Bermuda-based holding company whose operating subsidiaries provide
credit enhancement products to the U.S. and international public
finance, infrastructure and structured finance markets. More information
on Assured Guaranty and its subsidiaries can be found at AssuredGuaranty.com.
