Blackstone sells Rothesay Life stake to GIC, MassMutual after seeing AUM swell from £7.5bn to £56bn
Wed, September 30, 2020AltAssets
Blackstone has sold its 36% stake in UK insurance business Rothesay Life to existing company backers GIC and the Massachusetts Mutual Life Insurance Company, in a deal valuing the company at £5.75bn.