Jefferies Financial Group has agreed to buy a 50% stake in Hildene Holding, a credit-focused asset manager with over $18bn in assets under management, as part of a broader strategic expansion, according to a report by Bloomberg.
The transaction involves Jefferies exchanging its revenue share in Hildene’s asset-management business, a stake in a Hildene-managed private fund, and $340m in cash for the equity.
Hildene concurrently signed a deal to acquire Silac Inc, a fixed indexed annuity provider,...
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