Deals
Centerbridge Is in Talks to Buy Advisor Group for $2 Billion
- Deal could fetch more than $2 billion for Lightyear, PSP
- Advisor Group units include FSC, SagePoint, Woodbury
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Centerbridge Partners LP is in talks to buy independent broker-dealer Advisor Group Inc. for more than $2 billion, according to people familiar with the matter.
The private equity firm could reach a deal as soon as this week to acquire Advisor Group, said the people, who asked to not be identified because the matter isn’t public.