Deals
Ares, Blackstone Said Among Bidders for Fidelity & Guaranty Life
- Athene said to also consider bid despite earlier low offer
- Insurer is seeking new suitor after sale to Anbang fell apart
This article is for subscribers only.
Ares Management LP and Blackstone Group LP are among bidders vying to acquire Fidelity & Guaranty Life, people familiar with the matter said, as the insurer looks for a home after nixing a sale last month to a Chinese conglomerate.
The U.S. buyout firms are preparing to make a new round of bids for FGL after submitting offers for the Des Moines, Iowa-based company about a month ago, said the people, who asked not to be identified because the matter isn’t public.