$3 billion AUM
a wholly owned subsidiary of
has been acquired by
Financial advisor to the Altegris Management Team
Altegris to be acquired by a partnership of Aquiline Capital Partners and Genstar Capital
March 27, 2013 (La Jolla, CA) – Freeman & Co. congratulates its client, the management team of Altegris Investments (“Altegris”), on the recent announcement that Genworth Financial, Inc. (NYSE: GNW) (“Genworth”) has reached an agreement to sell its Wealth Management business, including Genworth Financial Wealth Management and the Altegris companies, to a partnership of Aquiline Capital Partners and Genstar Capital. The sale price is expected to be approximately $412.5 million. This transaction is subject to customary closing conditions and is expected to close in the second half of 2013. For additional information on the transaction please see the press release issued by Genworth dated March 27, 2013.
Freeman & Co. had previously advised Altegris on its sale to Genworth in 2010. Freeman & Co. is the leading investment bank in advising alternative manager of managers and this transaction represents the firm’s 17th announced transaction in the space.