Friday, August 1, 2014

Dhandho Holdings makes acquisition

Mohnish Pabrai's foray into the insurance business...

Link to: Dhandho Holdings To Acquire Louisiana-Based Stonetrust Commercial Mutual Insurance Holding Company And Related Companies
"Stonetrust is a wonderful business with an exceptional management team led by Tim Dietrich. I am excited that Dhandho's first acquisition is Stonetrust," said Mohnish Pabrai, Dhandho's managing partner. Pabrai, a private fund manager with over $850 million in assets under management, has raised over $150 million for the Stonetrust acquisition and the future acquisitions of other companies. Pabrai expects to take Dhandho public within a year.

[H/T Linc]