Truist to sell remaining stake in TIH to Stone Point, CD&R, Mubadala in $15.5bn deal

Published: Tue 20 Feb 2024

Truist Financial has signed a definitive agreement to sell its remaining stake in Truist Insurance Holdings (TIH) to an investor group led by Stone Point, Clayton Dubilier & Rice and Mubadala Investment Company, in a deal valuing the business at $15.5bn or 18x core Ebitda.