Deals
Generali Said to Weigh Deal for Credit Investment Firm MGG
- Italian insurer has held early talks with New York-based firm
- MGG could be valued at several hundred million dollars
The Assicurazioni Generali headquarters in Milan, Italy.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
Assicurazioni Generali SpA is considering a deal to acquire New York-based credit investment firm MGG Investment Group, people familiar with the matter said, as the Italian insurer looks to expand in the private asset business.
Generali has held early talks with MGG Investment about a potential transaction, which could value the US firm at several hundred million dollars, the people said. The Italian firm is aiming to reach an agreement before its investor day on Jan. 30, one of the people said.