Deals
Cinven’s €3 Billion Viridium Sale Draws Athora, Resolution Life
- Investment firm Sixth Street may also be attracted to asset
- A sale process of Viridium could start later this year
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Cinven-backed German life insurance consolidator firm Viridium Group is attracting early interest from suitors including Apollo Global Management’s affiliate Athora and Blackstone Inc.-backed Resolution Life, according to people familiar with the matter.
The asset is also poised to attract investment firm Sixth Street, the people said, who asked not to be identified as the information is private. A deal could value Viridium at more than €3 billion ($3.3 billion), the people said.