On January 17, 2025, Generali Investments announced that it will acquire a majority stake in MGG Investment Group.
Generali Investments, announced, on January 17, 2025, the signing of a definitive agreement under which Generali Investments’ wholly owned subsidiary, Conning & Company, will acquire a majority stake in MGG Investment Group (“MGG”). Under the terms of the deal, Conning & Company will purchase 77% of MGG for $320 million at closing with additional amounts payable subject to the achievement of certain milestones. The transaction is expected to close in 2025. Further terms of the transaction were not disclosed.
Generali Investments, based in Trieste, Italy, is an asset manager comprising the majority of asset management activities of Generali Group, an insurance company based in Trieste, Italy. As of December 2023, Generali Investments had approximately €516 billion in assets under management. Ardea Partners International LLP is serving as financial advisor to Generali Investments on this transaction.
MGG, based in New York, is an investment firm providing senior secured loans and structured capital solutions to middle-market businesses in the U.S. As of December 2024, MGG had approximately $5 billion in assets under management.
To read the press release: please click here.