Nov 9 (Reuters) - White Mountains Insurance Group Ltd WTM.N :
* CHANNEL CAPITAL UNDERTAKES MANAGEMENT BUYOUT SUPPORTED BY KUDU INVESTMENT MANAGEMENT
* CHANNEL CAPITAL PTY LTD - FINANCIAL TERMS WERE NOT DISCLOSED
* CHANNEL CAPITAL PTY LTD - UPON COMPLETION OF DEAL, EMPLOYEE SHAREHOLDERS WILL CONTROL A GREATER SHARE OF DIVERSIFIED INVESTMENT MANAGEMENT GROUP
* CHANNEL CAPITAL PTY LTD - KUDU WILL OWN A PASSIVE, MINORITY SHARE IN BUSINESS