Vestar Capital Partners / Neuigkeiten

Validus Holdings, Ltd. Announces Closing of Initial Public Offering of Common Shares

Hamilton, Bermuda, July 31, 2007. Validus Holdings, Ltd. announced the closing of its initial public offering of 15,244,888 common shares at $22.00 per common share. The offering resulted in net proceeds to the Company of approximately $314.0 million. The proceeds were used to repay borrowings and to pay accrued interest under its unsecured credit facility, which the Company incurred to fund a portion of the cash purchase price of Talbot Holdings Ltd. (“Talbot”), as well as to make a capital contribution to Validus Reinsurance, Ltd. (“Validus Re”). This contribution will provide the company with additional capital management alternatives and facilitate growth in its portfolio through line extensions in property and expansion into Europe.

Validus Holdings, Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. Validus Re is a Bermuda based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd’s insurance market through Syndicate 1183.

Vestar Capital Partners IV, through its investment in the company’s common stock, owns 10.5% of Validus Holdings, Ltd, on a fully diluted basis.