A consortium led by Allianz, BlackRock and T&D Holdings to acquire Viridium from Cinven in a €3.5bn deal.

A consortium led by Allianz, BlackRock and T&D Holdings agreed to acquire Viridium, a European life insurance consolidation platform, from Cinven, a private equity firm, in a €3.5bn deal. "I would like to thank Cinven for its valuable support and partnership throughout its investment. Cinven’s entrepreneurial approach, insurance expertise, and our shared vision have been key to Viridium’s development as a leading German life insurer. As a result, the company is now strategically positioned to seize significant future growth. It has been a pleasure working together to reach this important milestone for Viridium. We look forward to the exciting opportunities ahead," Dr Tilo Dresig, Viridium Group CEO.