Jefferies Acquires 50% Stake in Hildene Capital Management Amidst SILAC Insurance Deal

Jefferies Financial Group is acquiring a 50% stake in Hildene Capital Management for $340 million in cash and existing interests. This investment coincides with Hildene's acquisition of SILAC Insurance Company, an annuity provider managing $10 billion in assets, purchased for $550 million. Jefferies already had a revenue relationship with Hildene, and this deal deepens its involvement in credit management and insurance sectors.