
Taiwan’s Cathay buys PE-owned Conning for $240m
Cathay Life Insurance, Taiwan’s largest insurer, has agreed to buy Conning Holdings, an asset manager owned by US private equity firm Aquiline Capital Partners, for $240 million.
Upon completion of the deal, Conning will operate as an independent company within the Cathay group, led by its current president and CEO Woody Brandford. The acquisition is a significant step towards...
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