Generali to acquire a 77% stake in MGG Investment Group for $320m.

Generali, a financial services provider, agreed to acquire a 77% stake in MGG Investment Group, an investment firm specializing in senior secured loans and structured capital solutions for middle-market businesses, for $320m. “Our partnership with Generali is an exciting new chapter that will support MGG’s future growth and enable us to expand our investment and capital formation capabilities. Generali Investments is a leading asset management platform with robust strategic resources and a client-focused culture that is aligned with our philosophy and values. This transaction is a testament to the MGG team and business that we have built over the past decade, it provides new and greater opportunities for our employees, and enhances our ability to serve our investors and borrowers," Kevin Griffin, MGG CEO & CIO.