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MetLife signs deal to acquire asset manager PineBridgeThe deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
US insurer MetLife Inc. is nearing a deal to buy PineBridge Investments’ assets outside of China from Hong Kong billionaire ...
The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.
The deal between the U.S. insurer and a company owned by Hong Kong billionaire Richard Li is expected to close in 2025.
New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
PCG bought PineBridge from American International Group Inc. for $500 million in 2010 as the insurer was selling assets to ...
MetLife Acquires PineBridge's Non-CN Assets for US$800M; Pacific Century Group Retains CN Operations
PCCW (00008.HK) Chairman Richard Li's Pacific Century Group has sold PineBridge Investments' assets outside mainland China to MetLife Investment Management for US$800 million in cash. The ...
The transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics and $200 million subject to a multi-year earnout.
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