Hildene Capital to Acquire SILAC Insurance in $550M Deal

Hildene Capital Management is acquiring the parent company of SILAC Insurance Company, a U.S.-based annuity provider, in a transaction valued at $550 million. This strategic acquisition will position Hildene, an $18 billion credit-focused alternatives manager, to fully manage SILAC's investment assets, expanding on its existing relationship that began with a minority investment and reinsurance agreement in 2022. The deal aims to enhance investment and risk management capabilities for SILAC’s policyholders and broaden Hildene’s product offerings.