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The European Insurance Group, supported by Apollo global management, approaches £ 6 billion in the British pension deposit Pension Insurance CorporationAn agreement to push the US alternative assets to the insurance market of the United Kingdom.
Athora, a European-based insurer minority ApolloAccording to the consortium of the investors, including CVC capital, a vehicle supported by the consortium of CVC capital, a means of South Africa billionaire, three people informed about the issue. This week can be announced as soon as possible.
Procurement will also push ATHORA in countries, including Germany, Belgium and the Netherlands, in countries, including the United Kingdom, the largest pension market in Europe.
The United States has come as private capital giants such as Apollo, Brookfield Asset Management, KKR and Carlyle, or has started operating in the British’s pension market or purchased in recent years.
Pic refused to comment. Apollo and CVC did not respond immediately. Sky News first stated that Pic went on sale.
About $ 50 billion pounds £ 50 billion pounds in the UK, and about 400,000 politicians in the UK, have about 400,000 politicians in accordance with the company’s forms. In addition, the rapidly growing rapidly supported by Apollo, the PAN-European insurer should be piced under the full property.
Apollo calls a “Subadviser” called Subadviser, “Subadviser”, which can be a hand to manage one’s customers’ assets.
Sale of PIC, Abu Dhabi Investment Organization and US loan investor HPS would have a great wind for owners who entered HPS investor management. This week, HES has completed the sale of $ 12 billion to Blackrock.
PIC’s value CVC is about three times more than the first time in 2017. Reinet was first first put on PIC on PIC first To £ 400m investment over time.
PIC has been reconstructed by accepting the corporate pension fund liabilities and the assets back and expanded to the CVC quickly. In 2023, the total insurer from RSA’s liabilities of £ 6.5 billion, then the largest UK deal.
Athora has investigated a peak for many years, and the insurer has previously been interested in other US private capital giants, including Carlyle and KKR, including Carlyle and KKR declare.
In recent years, Apollo, the active investor in England, the restaurant group receives companies, including the owner of the wagamama food chain. Was committed last month Lending £ 4.5 billion Financing the development of a nuclear power plant in Somerset, England.
A different apollo insurance subsidiary in 2022, Athene, bought More than $ 1 billion in British pension funds during the crisis by the British budget of the British “mini” budget.
