Announced
Financials
Sources
Tags
life insurance
life insurance services
Pending
Private
pension insurance
Acquisition
Single Bidder
Friendly
United Kingdom
Life Insurance
Private Equity
Synopsis
Goldman Sachs has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors a decade after setting up the company. Blackstone Group, Massachusetts Mutual Life Insurance Company and Singapore sovereign wealth fund GIC have agreed to buy out Goldman’s 32.7 percent stake for an undisclosed sum. “We look forward with confidence to taking advantage of the considerable growth opportunities we see in the sector,” Addy Loudiadis, Rothesay Chief Executive.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.