Generali Said to Seek Sale of Private Equity Funds
This article is for subscribers only.
Assicurazioni Generali SpA, Italy’s biggest insurer, is seeking to sell a portfolio of private-equity fund stakes valued at almost 500 million euros ($648.3 million), according to three people familiar with the matter.
Generali, based in Trieste, Italy, is talking to buyers itself rather than using an agent, said the people, who asked not to be identified because the process is private. Generali’s portfolio is mostly made up of stakes funds that invest in leveraged buyouts, according to the people.