Hildene Capital to Acquire SILAC Insurance Company for $550M

SILAC, Inc., a major U.S. fixed and fixed indexed annuity provider, is set to be acquired by Hildene Capital Management for approximately $550 million in cash. This deal represents a pivotal growth phase for SILAC, leveraging Hildene's significant financial resources and prior investments to enhance innovation and support retirement-focused products. Upon deal closure, Hildene will oversee all investment assets of SILAC, integrating its management expertise with SILAC's existing operations. The acquisition follows Hildene's earlier minority equity stake in SILAC as well as ongoing reinsurance and investment portfolio management collaborations. Mintz provided comprehensive legal counsel to SILAC through a multidisciplinary team, covering corporate, tax, compensation, insurance, and regulatory aspects of the transaction.