Greenstone mandates Goldman Sachs for review; CDPQ stake eyed
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Insurance seller and one-time initial public offering candidate Greenstone has launched a strategic review that will consider exit options for the group’s private equity investor, Canadian giant CDPQ.
Street Talk can reveal Greenstone’s owners, South African insurer Hollard and CDPQ, have hired investment bank Goldman Sachs to review the business and funding options for its next leg of growth.
Real Life Insurance is one of Greenstone’s brands that sells insurance products.  
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The review is expected to consider parties that could take CDPQ’s place on Greenstone’s share register. The Canadian pension fund’s private equity team acquired a 44 per cent stake in Greenstone in 2016, soon after Hollard cancelled plans to list its Australian business on the ASX-boards.

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