Accelerant Holdings [Ordinary Shares - Class A]

Accelerant Holdings climbed intraday 43.5% to $19.52 after the announcement of a cash takeover offer from Thoma Bravo at $20.25 per share (valuation above $4 billion) and a strong Q2 report. Adjusted EPS of $0.32 doubled the consensus, revenue was $356.9 million, beating estimates by more than 30%, and net income rose to $80.0 million. Written gross premiums grew 23% year‑over‑year to $1.32 billion. Altamont‑related shareholders holding about 82% of the voting rights have already agreed; closing is expected in H1 2027. The transaction is not financing‑dependent and includes a ticking fee of 6% p.a. William Blair downgraded the stock to "Market Perform", saying upside is limited given the offer price. » More on de.investing.com

Accelerant’s stock jumped in premarket trading after the insurtech agreed to a takeover by private-equity firm Thoma Bravo. The all-cash deal values the company at more than $4 billion; Class A and B shareholders will receive $20.25 per share, a premium of about 49% over the previous close. Investors are now pricing in a high probability that the transaction will be completed. » More on de.investing.com

Accelerant announced a partnership with WoodStar Reciprocal Exchange that will provide dedicated underwriting capacity for the Accelerant Risk Exchange. WoodStar has been financed with over $220 million in surplus notes and third-party capital and received an AM Best rating of A-. Accelerant will contractually provide WoodStar with underwriting, distribution and claims-handling services but will hold no ownership stake; WoodStar is slated to begin direct writings in 2027. Despite a 52% share-price decline last year, Accelerant posted revenue growth of 58% and analysts forecast earnings per share of $0.73 for this year. » More on de.investing.com