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AIG Completes Sale of Stake in Life & Retirement Unit to Blackstone
Nov 2 2021 // American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to...
AIG Plans Sale of Life Business to Blackstone and in IPO
Jul 14 2021 // American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Foley’s SPAC in $7.3B Deal to Take Blackstone’s Benefits Firm Alight Public
Jan 25 2021 // A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the...
Blackstone Makes ‘Significant’ Investment in Florida-Based SUNZ Holdings
Jan 11 2021 // SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not...
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