RICHMOND, Va., May 16, 2017 (GLOBE NEWSWIRE) -- Kinsale Capital Group, Inc. (NASDAQ:KNSL) today announced that the underwriters in its previously announced secondary offering exercised in full their option to purchase an additional 594,492 shares of common stock.
Moelis Capital Partners Opportunity Fund I, LP and Moelis Capital Partners Opportunity Fund I-A, LP (collectively, the “Moelis Funds”) are selling the additional shares. The closing of the sale of 4,557,774 shares, which includes the 594,492 additional shares, is expected to occur on Wednesday, May 17, 2017. Upon the closing, the Moelis Funds will no longer have an ownership stake in Kinsale Capital Group.
J.P. Morgan Securities LLC and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering. RBC Capital Markets, LLC is also acting as a joint book-running manager. SunTrust Robinson Humphrey, Inc., Dowling & Partners Securities LLC and Moelis & Company LLC are acting as co-managers. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204, or William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, or by telephone at 1-800-621-0687 or email at prospectus@williamblair.com.
A registration statement on Form S-1 relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Kinsale Capital Group, Inc.
Kinsale Capital Group, Inc. is a specialty insurance group headquartered in Richmond, VA, focusing on the excess and surplus lines market.