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Tag: Obra

Latest acquisition a “new growth avenue” for R&Q
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Latest acquisition a “new growth avenue” for R&Q

As a result of the deal, R&Q will provide claims and management services, while Obra – which recently rebranded from Vida Capital – will provide investment management services to the company. The transaction allowed MSA Safety to remove all legacy cumulative trauma product liability reserves, related insurance assets, and associated deferred tax assets of the subsidiary from its balance sheets. “We are pleased to form a joint venture with Obra to acquire and professionally manage these legacy liabilities, providing MSA Safety with a complete finality solution,” said William Spiegel, executive chairman of R&Q. “This is an exciting transaction for R&Q, showcasing the capabilities, reputation and innovation of our legacy i...