GIC and MassMutual to take Control of Rothesay as Blackstone Cashes Out
Posted on 09/30/2020
The Blackstone Group sold its 36% stake in Rothesay Life PLC, the U.K.’s largest specialist annuity provider, to Singapore’s GIC Private Limited and Massachusetts Mutual Life Insurance Company (MassMutual). Blackstone sold the stake through its Tactical Opportunities business. Rothesay Life was valued at £5.75 billion. Post-transaction, GIC and MassMutual will become equal 49% equity owners […]
