Latest news with #AquarianHoldings
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Aquarian Nears Deal for U.S. Insurer Brighthouse
Investment firm Aquarian Holdings is in exclusive talks to acquire the U.S. life insurance company Brighthouse Financial BHF 6.23%increase; green up pointing triangle, according to people familiar with the matter. A deal could be completed in the coming weeks, the people said, granted the talks don't hit any last-minute hurdles. It would mark the end of a competitive process for Brighthouse, which has drawn interest from a number of other big private-equity firms.
Yahoo
16-07-2025
- Business
- Yahoo
Brighthouse Financial Stock Pops on Report of Buyout Talks With Aquarian
Key Takeaways Brighthouse Financial shares took off Wednesday following a report that private equity firm Aquarian Holdings could be close to striking a deal to buy the insurer. The two sides could come to an agreement in the coming weeks, according to The Wall Street Journal. The paper said several firms have shown interest in acquiring Brighthouse, including Financial (BHF) shares took off Wednesday following a report that private equity firm Aquarian Holdings could be close to striking a deal to buy the insurer. Shares of Brighthouse were up close to 9% over $51 in recent trading, bringing them back into positive territory for the year. An agreement could be reached in a matter of weeks, The Wall Street Journal reported. Several other private equity investors have also shown interest in buying Brighthouse, including TPG, the report said. Aquarian already owns several insurance assets, and in March announced it established the Aquarian Insurance Holdings division. Aquarian said the new unit would 'provide a shared structure for the company's reinsurance and retail insurance businesses that optimizes growth and synergies amongst the organization.' Brighthouse and Aquarian did not immediately respond to Investopedia requests for comment. Read the original article on Investopedia Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Brighthouse Financial stock surges after WSJ report on potential Aquarian deal
-- Brighthouse Financial (NASDAQ:BHF) stock surged 10% in after-hours trading Tuesday following a Wall Street Journal report that investment firm Aquarian Holdings is in exclusive talks to acquire the U.S. life insurance company. According to people familiar with the matter, a deal could be finalized in the coming weeks, barring any last-minute complications. The report indicates this development marks the conclusion of a competitive bidding process that had attracted interest from several major private-equity firms. TPG, reportedly the other finalist in the acquisition process, had been pursuing a structured deal involving only certain parts of Brighthouse rather than a complete purchase. However, according to a source familiar with the situation, TPG was unable to reach an agreement and did not submit a final bid. Related articles Brighthouse Financial stock surges after WSJ report on potential Aquarian deal Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Sign in to access your portfolio
Reuters
24-06-2025
- Business
- Reuters
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
NEW YORK, June 24 (Reuters) - Brighthouse Financial (BHF.O), opens new tab has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential sale, according to people familiar with the matter. The pair have progressed to the final bidding round in recent days, the people said. Final bids are currently scheduled for submission in early July, although this timeline could shift, some of them added. While there was interest from other parties, including a bid from the insurance arm of investment firm Sixth Street, as well as an offer from fellow insurer Jackson Financial (JXN.N), opens new tab to buy part of Brighthouse's operations, the two remaining parties are best positioned to buy the entire company in one piece, they said. Apollo Global Management (APO.N), opens new tab, which has a substantial insurance business, was expected to be a strong contender in the Brighthouse process but ultimately did not submit a bid by the mid-June deadline for offers, according to two other sources. All of the sources, who spoke on condition of anonymity because the process is confidential, cautioned that a deal was not guaranteed and Brighthouse, which has a market value of roughly $3.4 billion, could ultimately remain an independent company. Brighthouse, Apollo and TPG declined to comment. Sixth Street, Aquarian and Jackson did not immediately respond to requests for comment. The Financial Times reported earlier on Tuesday that TPG and Aquarian had emerged as leading bidders. Charlotte, North Carolina-based Brighthouse, which was spun out of MetLife (MET.N), opens new tab in 2017, has been exploring the possibility of a sale for most of this year. It was reported in January that the company was working with bankers on a possible deal. Even as the number of contenders has narrowed in recent days, it is likely to take weeks, or even months, before a potential agreement is struck with a winner, given the time needed to complete steps including the complex due diligence process and any raising of outside finance to support their offer, the people said. U.S. life insurance and annuity providers in recent years have been attracting takeover interest from private equity firms and other asset managers that can take the underlying assets and deploy them into their various strategies. As well as earning higher returns on the insurance assets, the method helps turbo-charge firms' other products. For TPG, one of the last major alternative asset managers without a substantial insurance arm, acquiring Brighthouse would give it a platform from which to build out a broader insurance business. While Aquarian already owns some insurance assets, and formed subsidiary Aquarian Insurance Holdings in March to combine its insurance operations, buying Brighthouse is also regarded as a platform play, the sources said. Aquarian is a holding company focused on insurance and asset management businesses that is backed by investors including RedBird Capital Partners and Abu Dhabi state fund Mubadala. Brighthouse shares have gained roughly 12% so far in 2025, significantly outperforming the approximately 5% rise in the S&P insurance index (.SPXIN), opens new tab.
New York Post
18-05-2025
- Business
- New York Post
NYC leads the pack in post-pandemic return to office
Five years on, New York City office building foot traffic has all but recovered from the 'work from home' losses caused by the pandemic — and here's the proof. Visits to office buildings in April were a mere 5.5% below April 2019 levels, authoritative platform found, making the Big Apple the nation's clear leader in back-to-office trends. Although office visits were also up in most other major US cities compared with the previous month, their average April attendance was 30.7% below 2019's average, according to Advertisement 3 Visits to NYC office buildings last month were just 5.5% below April 2019 levels, platform found, making the Big Apple the nation's clear leader in back-to-office trends. Christopher Sadowski Los Angeles, Chicago and San Francisco brought up the rear, with April office visits 42% to 44% below 2019 levels. analyzes cell phone data to determine foot traffic. It covers 1,000 buildings nationwide but doesn't say how many are in each city. The data confirm the larger trend that Realty Check has long observed. It's great news for developers and landlords still beleaugered by reduced property values and high interest rates. Advertisement But while Manhattan office attendance is clearly surging, is it truly back to 94.5% of pre-pandemic averages, as says? It sure looks that way on Park and Sixth avenues in Midtown, at Hudson Yards and Manhattan West, and at or near the World Trade Center. Office tower lobbies and sidewalks are busy as they haven't been since before March 2019. The large new leases and expansions we've reported since Jan. 1 — by Amazon, Aquarian Holdings, Amalgamated Bank and several law firms — testify to an appetite for space undeterred by 'hybrid' trends. Advertisement 3 Large new leases and expansions this year, including deals by by Amazon, Aquarian Holdings, Amalgamated Bank, and several law firms testify to an appetite for space undeterred by 'hybrid' trends. JASON SZENES FOR THE NEW YORK POST We've written repeatedly that large-scale office returns were taking place even before JPMorgan Chase, Apple, Alphabet and other major companies dragged employees kicking and whining to their desks this year. Even so, let's raise a few polite qualifiers about report. Ongoing conversions of scores of obsolete office towers to apartments removed a significant number of sparsely-populated office buildings from the inventory over the past three years — and, presumably, from analysis. Advertisement And we wish would share at least some of the locations it monitors — a lack of transparency that also afflicts the notoriously opaque, widely discredited Kastle Back-to-Work Barometer. 3 JPMorgan Chase, Apple, Alphabet, and other major companies this year ordered employees back to their desks. Christopher Sadowski But even after nitpickings, it's obvious that is immeasurably more accurate than Kastle's survey, which was mainly a marketing gimmick for the company's security services. The 'barometer' counts card-swipes only in mostly Class-B buildings where Kastle provides the services. Executives of the largest real estate companies, such as publicly-traded SL Green and privately-held Related Companies — neither of whose buildings are monitored by Kastle — have told us since mid-2024 that WFH was in the rear-view mirror and no longer a factor in decision-making by landlords or tenants. Even so, many media accounts continued to cite Kastle's lowball claims of 55% office occupancy as recently as last summer — until the preponderance of evidence made it wiser to ignore.
