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Announced

Completed

Fortress Investment completed a $130m investment in Nassau Financial.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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reinsurance

Life Insurance

Domestic

Minority

Completed

Single Bidder

United States

Acquisition

Private

Private Equity

Friendly

Synopsis

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Fortress Investment, an investment management firm, completed a $130m investment in Nassau Financial, a provider of fixed annuities and asset management. “We are thrilled to partner with Fortress to support the next phase of growth. In addition to Fortress’ significant equity investment, they bring extensive experience and an impressive investment track record across multiple credit investment strategies that fit well with our investment portfolio. Through this strategic partnership, Nassau will benefit from new investment capabilities, improving our competitive position as we continue capitalizing on attractive growth opportunities and creating value for all our stakeholders," Phil Gass, Nassau Chairman and CEO.

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