Oct 3 (Reuters) - White Mountains Insurance ( WTM ) said

on Friday it would sell a controlling interest in insurance

distribution platform Bamboo to European private equity firm CVC

in a deal that values the company at $1.75 billion.

The Hamilton, Bermuda-based company will retain a 15% fully

diluted equity stake in Bamboo after the deal closes, which is

expected to be by the end of the year.

Evercore Group and Piper Sandler are the financial advisers

to both White Mountains and Bamboo.