Sixth Street leads race to buy Allianz’s US annuity book

Bernard Goyder
24 Nov 2021

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

A consortium led by private equity and credit investment firm Sixth Street is in pole position to acquire a portfolio of US fixed annuities from Allianz, after beating rival suitors with a bid valued at around $4 billion, according to two sources familiar with the matter.

The fixed annuities up for sale – which guarantee a regular stream of income to retirees – are backed by at least $37 billion in assets.

Boutique investment bank Ardea Partners is advising Allianz on the sale process

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]