KKR to purchase Global Atlantic.
BANKING AND CREDIT NEWS-July 9, 2020--KKR to purchase Global Atlantic
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 09 July 2020
US-based private equity firm, KKR & Co Inc (KKR.N) is to acquire Goldman Sachs-backed Global Atlantic Financial Group Ltd (GA), an annuities and life insurance provider, according to Reuters.
Following the takeover, KKR is to become the manager of GA's investment portfolio. The deal is expected to boost KKR's permanent capital base from 9 percent to 33 percent.
GS serves...
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