Consortium of Allianz, BlackRock, and T&D Acquires Cinven's Stake in Viridium

Reported about 19 hours ago

A consortium comprising Allianz, BlackRock, and T&D Holdings is set to acquire a 3.5 billion euro stake in Viridium Group, leading to Cinven's exit as a majority investor. Viridium specializes in purchasing existing life insurance portfolios and will maintain its independent operations. T&D will become the largest shareholder, while current investors Generali and Hannover Re will continue as shareholders. The deal has been under negotiation for several months.

Source: YAHOO

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