Aquiline, Genstar Ink $412.5 Mln Buy of Genworth Wealth Management

By Luisa Beltran — 3 years ago

Genworth Financial has agreed to sell Genworth Wealth Management to Aquiline Capital Partners and Genstar Capital for $412.5 million. The deal, which is expected to close in the second half, includes Genworth Financial Wealth Management and Altegris. Credit Suisse is providing debt financing. Aquiline and Genstar were advised by Deutsche Bank.