Announced
Completed
Financials
Sources
Tags
United States
investment firm
Investment Banking
Minority
Private Equity
Friendly
Single Bidder
Acquisition
Private
Domestic
Completed
Synopsis
MassMutual, a provider of insurance services, completed the acquisition of a minority stake in ATLAS SP Partners, a global investment firm that provides customized, asset-backed financing and portfolio solutions, from Apollo Global Management, an alternative investment manager. Financial terms were not disclosed. “We are delighted to partner with MassMutual, a like-minded financial services company that recognizes the opportunity to generate excess spread in the vast private investment grade market, including asset-backed finance. As one of our country’s most respected protection and retirement planning providers, this transaction creates an opportunity for MassMutual to generate additional earnings to benefit policyowners and their families,” Marc Rowan, Apollo CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.