Hildene Capital Management to Acquire US Annuity Provider Silac for $550M

Hildene Capital Management has agreed to acquire Silac, a US provider of fixed and fixed indexed annuities, for approximately $550 million in cash. This strategic acquisition aims to expand Hildene's insurance solutions capabilities amid a rising demand for annuity products in the US market. The transaction is anticipated to finalize by mid-2026, pending regulatory approvals.