Jefferies Acquires Stake in Hildene Capital Amid SILAC Insurance Acquisition

Hildene Capital Management, a credit-focused alternative asset manager with over $18 billion in assets, has sold a 50% stake to Jefferies Financial Group for $340 million in cash. This transaction aligns with Hildene's definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company, a fixed and fixed indexed annuity provider in the U.S. market. The deal was supported by Kirkland & Ellis, which provided a comprehensive legal team specializing in corporate, investment funds, tax, executive compensation, debt finance, and regulatory matters. This strategic partnership and acquisition reflect significant movements in the alternative asset management and insurance sectors, combining credit asset management with annuity product offerings to enhance market positioning.