Blackstone set for exit from New Zealand's Partners Life
The Blackstone Group will exit its majority stake in New Zealand-based insurer Partners Life following the announcement of a full acquisition of the company by Japan’s Dai-ichi Life Holdings at a valuation of approximately NZD 1bn (USD 645m).
The private equity firm invested NZD 200m in Partners Life in 2016 through its tactical opportunities strategy. At the time, it was described as the acquisition of a significant minority interest with...
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