Generali Investments Expands Global Reach with Strategic Acquisition
In a significant move to bolster its global investment capabilities, Generali Investments, the investment arm of Italy’s leading insurer Generali, has agreed to acquire a 77% stake in MGG Investment Group, a prominent U.S. investment firm. The deal, valued at $320 million, marks a major milestone in Generali’s expansion strategy.
MGG Investment Group: A Leader in Middle Market Financing
Founded in 2014 by Kevin Griffin and McCourt Global, a private family company, MGG Investment Group has established itself as a trusted provider of senior secured loans and structured capital solutions to U.S. middle market businesses. With over $6 billion in assets under management, MGG’s expertise will significantly enhance Generali’s capabilities in this space.
Deal Terms and Impact
The acquisition is expected to close later this year, with an estimated two-percentage-point impact on Generali’s Solvency II ratio. Notably, the purchase price may increase upon the achievement of certain operational milestones. Generali Investments has emphasized that MGG’s investment strategy will remain unchanged, with Kevin Griffin continuing to lead the firm as chief executive.
A Strategic Fit for Generali
This acquisition underscores Generali’s commitment to expanding its global investment footprint. By leveraging MGG’s expertise in middle market financing, Generali Investments is poised to strengthen its position as a leading global investment player. As the deal closes, Generali is well-positioned to capitalize on new opportunities and drive growth in the years ahead.
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