The Wall Street Journal

Allianz-Led Consortium Buys Viridium from Cinven in $3.8 Billion Deal

Viridium will remain an independent stand-alone platform and retain its leadership

Allianz is leading a consortium buying Viridium, a consolidator of closed books of insurance policies.
Allianz is leading a consortium buying Viridium, a consolidator of closed books of insurance policies. Photo: gonzalo fuentes/Reuters

A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros ($3.83 billion).

The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership.

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