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Global Atlantic Financial Group Limited

Company Summary

Description

Global Atlantic Financial Group Limited, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of over $60 billion in assets as of March 31, 2018.

Website

https://www.globalatlantic.com/

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Company Transactions

Date: 5/23/2018
Type: Acquisition

BUYERS:
  • Global Atlantic Financial Group Limited
    • SELLERS:
  • Southern Power
    • DETAILS:

    COST: 1.175 $B

    NOTES:
    Southern Power has entered into a deal with Global Atlantic Financial Group Limited to sell a 33% minority interest in their solar portfolio for $1.175 billion. This includes 26 operating solar facilities which generate 1.7-GW in capacity across the United States.
    REGIONS:
  • United States