Aflac (AFL) to Acquire 40% Stake in Tree Line Capital for $100M
Aflac(AFL) zacks.com·2024-05-17 01:46
Aflac Incorporated (AFL) is set to acquire a 40% stake in a private credit asset management firm, Tree Line Capital Partners, per The Wall Street Journal. With this move, AFL is likely to capitalize on the thriving private credit market.Aflac is set to buy the stake in Tree Line Capital for a price tag of $100 million from Tree Line's private equity investor, Stone Point Capital, and Tree Line's management. Per the deal, Aflac intends to fund Tree Line using a portion of the investible cash generated from i ...