Announced
Completed
Ares Management completed the acquisition of a minority stake Genworth Mortgage for $85m.
Financials
Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Insurance Brokers
Australia
Private
Completed
Cross Border
Friendly
Single Bidder
Acquisition
Minority
Private Equity
insurance
Synopsis
Ares Management, an asset management firm, completed the acquisition of a minority stake Genworth Mortgage Insurance Australia, a mortgage insurance provider, for $85m.
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