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New Deal


Announced

Goldman Sachs sold its 32.7% stake in Rothesay Life

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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life insurance

life insurance services

Pending

Private

pension insurance

Acquisition

Single Bidder

Friendly

United Kingdom

Life Insurance

Private Equity

Synopsis

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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.

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