On July 18, 2024, Abacus Life, Inc. announced that it will acquire Carlisle Management Company SCA.
Abacus Life, Inc. (“Abacus Life”), on July 18, 2024, announced that it entered into a definitive agreement to acquire Carlisle Management Company SCA (“Carlisle”) for approximately $200 million. Under the terms of the transaction, Carlisle shareholders will receive consideration of $73.5 million in par value of Abacus bonds and 9.3 million Abacus common stock. Further terms of the transaction were not disclosed.
Abacus Life (NASDAQ: ABL), based in Orlando, Florida, is an alternative asset manager specializing in insurance products. Abacus Life has over $37 billion in assets under management.
Carlisle, based in Luxembourg, is an investment management firm providing risk management services in the alternative assets and life settlement sectors. Carlisle has approximately $2 billion in assets under management.
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