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KKR to buy Global Atlantic for $4.4bn

July 10, 2020 : Permanent Link

(Opalesque) Private-equity giant KKR agreed to acquire retirement and life insurance company Global Atlantic Financial Group for roughly $4.4 billion. According to the New York-based PE firm said it would pay the amount of Global Atlantic’s book value as of the deal’s closing, through a combination of cash, proceeds from potential minority co-investors and debt or equity. The deal is expected to close in early 2021.

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