Exin

Exin Capital faces being wound up by HMRC in court tomorrow

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.

Exin settles legal saga with former backer Calamos

Matt Fairfield’s Exin has settled all outstanding litigation with his former backer, the Greek-American billionaire John Calamos.

Gongbao to discuss EUR650mn Ethniki bid with Greek regulators

Chinese investment firm Gongbao will sit down with representatives from the Greek financial regulator, Bank of Greece, later this week after submitting a formal bid for Ethniki the up-for-sale Greek insurer.

Ethniki bidder receives boost from Greek Union as Chinese firms circle

Exin, the aspiring owner of Greece’s largest insurer Ethniki, appears to have received a boost from an unlikely source as it continues its odyssey to raise EUR720mn to buy a majority share of the firm.

NBG ‘considering all options’ as Exin loses exclusivity in Ethniki chase

Matt Fairfield’s Exin has failed to secure funding in time for a National Bank of Greece (NBG) deadline today (28 March) in its EUR720mn ($890mn) bid for state-owned insurer Ethniki, according to a presentation obtained by re-Insurance.com.

Fosun waiting in the wings for Ethniki if Exin bid topples

Chinese conglomerate Fosun is prepared to submit a second bid for Greek insurer Ethniki should Matt Fairfield’s Exin fail to secure financing for its EUR718mn ($885.6mn) bid by a 28 March deadline.

Exin in talks with Swiss Re and others to complete EUR720mn Ethniki deal

Matt Fairfield’s Exin is in talks with five reinsurers including Swiss Re and Munich Re to provide reinsurance financing to complete the agreed sale of Greece’s largest insurance company Ethniki, re-Insurance.com can reveal.

Goldman Sachs and Morgan Stanley exposed if EUR720mn Ethniki sale fails

The sell-side bankers who advised in the sale of Greece’s oldest insurance company Ethniki could be pursued for compensation if the takeover saga fails to complete by the fast-approaching deadline.

Exin faces losing EUR5mn if Ethniki deal fails to complete

Matt Fairfield’s Exin could be hit with a EUR5mn ($6.1mn) break clause if its faltering EUR720mn deal to buy Greek state-owned insurer Ethniki fails to complete.

Calamos doubles down in $41.7mn Exin dispute

Greek-American billionaire John Calamos has upped the ante in his dispute with Matt Fairfield’s Exin after he filed another lawsuit against the pan-European carrier in its home jurisdiction of the Netherlands.

What next for Ethniki?

With an apparent deadline later this week, Re-Insurance.com wonders what the team of impressive US and Greek financiers compiled by Ethniki acquirer Exin will do following the recent revelations of legal action between the firm and some of its backers…

Exin facing double deadline crunch in sprint to complete EUR720mn Ethniki deal

Matt Fairfield’s inchoate pan-European insurer Exin is facing two separate deadlines - with one only days away - to buy Greece’s largest insurer, if Greek reports are correct.

Calamos demands Exin audits as it looks to claw back default loans

The Greek-American billionaire John Calamos has asked an Illinois court to see a full audit of Exin’s financials as part of an attempt to claw back over $41mn extended to Matt Fairfield’s company as part of its ongoing attempts to buy Greek state insurer Ethniki, according to documents obtained by re-Insurance.com.

Exin sued by backer Calamos; EUR1.1bn Ethniki sale in major doubt

Exin, the ambitious pan-European insurance vehicle set up by ANV founder Matt Fairfield, is facing a major obstacle in its bid to complete the agreed sale of Greece’s largest insurer Ethniki after its major backer revealed it was suing the company for more than $41mn.

Exin says “no funding shortfall” in Ethniki bid

Exin founder Matt Fairfield has robustly denied that his firm’s $1.1bn bid to acquire Greek insurer Ethniki is in jeopardy and says he has all the necessary funding in place.

Exin taps Pimco and Berkshire Hathaway for Ethniki funding: reports

With just days left before it is due to table a final financing plan for Greek state-owned insurer Ethniki, Matt Fairfield’s Exin has spoken to Allianz-owned Pimco and Berkshire Hathaway about committing funds to the ongoing acquisition.