Molting occurs about once a year in an adult lobster and is a vulnerable time in which the lobster retreats to a hiding spot and withdraws out of its shell. After molting the lobster's body is very soft and it can take a few months for its shell to harden again.
Madison Capital Funding closed a senior debt facility to finance the Dividend Recapitalization of Goosehead Insurance. Madison Capital Funding is the Sole Lender and Administrative Agent. Further terms were not disclosed. Goosehead Insurance is one of the largest and fastest growing personal lines insurance agencies in the country. Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products.
Mark Byrne is the owner of the yacht Perseus 3. Byrne is the founder of Haverford Insurance and St. Bernard Insurance, active in the car insurance business in Switzerland. Mark Byrne previously founded and owned the Bermuda based insurance group Flagstone, which was sold in 2012 for USD 623 million.