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MetLife, PineBridge
MetLife to Buy PineBridge Investments for Up to $1.2 Billion
MetLife struck a deal to buy PineBridge Investments, a global asset manager with about $100 billion in assets under management, from billionaire Richard Li’s Pacific Century Group for up to $1.2 billion.
MetLife to Buy Li’s PineBridge in Asset Management Push
US insurer MetLife Inc. is nearing a deal to buy PineBridge Investments’ assets outside of China from Hong Kong billionaire Richard Li’s Pacific Century Group, according to people familiar with the matter.
US insurer MetLife acquires PineBridge Investments in up to $1.2 billion deal
MetLife Investment Management, a subsidiary of U.S. insurer MetLife said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.
MetLife Investment acquires PineBridge for US$1.2 billion
US asset manager MetLife Investment Management is buying PineBridge Investments from Hong Kong billionaire Richard Li’s Pacific Century Group for US$1.2 billion. The deal, which is expected to be completed in 2025, doesn’t include PineBridge’s private equity fund business and its joint venture in China.
MetLife signs deal to acquire asset manager PineBridge
The deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
MetLife Buys PineBridge in $1.2B Deal
The big managers continue to get bigger through M&A, with MetLife’s institutional asset management business buying PineBridge Investments this week.
MetLife buying PineBridge in asset management push
The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.
MetLife is said to near deal to buy PineBridge Investments
PCG bought PineBridge from American International Group Inc. for $500 million in 2010 as the insurer was selling assets to repay a government bailout. PineBridge’s clients include pension plans, insurance companies, official institutions, private banks, advisers and intermediaries.
MetLife Strikes $1.2B Deal For PineBridge Investments
The deal between the U.S. insurer and a company owned by Hong Kong billionaire Richard Li is expected to close in 2025.
MetLife expands asset management arm with up to $1.2 billion deal for PineBridge
The asset management arm of U.S. insurer giant MetLife has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group (PCG) in a deal valued at up to $1.2 billion,
MetLife to Buy PineBridge Investments for $1.2 Billion in Strategic Acquisition
MetLife to acquire PineBridge Investments for up to $1.2 billion, enhancing its asset management capabilities and portfolio.
Zacks.com on MSN
2d
MetLife's Asset Management Arm Expands Reach With PineBridge Buyout
MET's asset management arm is expected to close the acquisition of PineBridge by 2025, expanding its offerings and global ...
Business Times
3d
US insurer MetLife acquires PineBridge Investments in up to US$1.2 billion deal
METLIFE
Investment Management, a subsidiary of US insurer
MetLife
said on Monday (Dec 23) that it has agreed to buy ...
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