Aquarian Capital to Acquire Brighthouse Financial

Core Viewpoint - Aquarian Capital LLC has signed a definitive merger agreement to acquire Brighthouse Financial, Inc. for $70.00 per share, totaling approximately $4.1 billion, positioning Brighthouse for strategic long-term growth [1][2]. Transaction Details - The acquisition price of $70.00 per share represents a 37.0% premium over Brighthouse Financial's unaffected share price of $51.09 as of January 27, 2025, and a 37.7% premium over its 90-day volume-weighted average price as of November 5, 2025 [6]. - The transaction is expected to close in 2026, subject to customary closing conditions, including stockholder approval and regulatory clearances [4][6]. Strategic Focus - Aquarian Capital aims to enhance Brighthouse Financial's distribution, product design, and investment management capabilities, particularly in the U.S. retirement market [2][3]. - Brighthouse Financial will continue to operate as a standalone entity within Aquarian Capital's portfolio, maintaining its brand and headquarters in Charlotte, North Carolina [3]. Financial Advisors - RBC Capital Markets LLC is the exclusive financial advisor for Aquarian Capital, while Wells Fargo and Goldman Sachs & Co. LLC are serving as financial advisors for Brighthouse Financial [8]. Company Background - Aquarian Capital, founded in 2017, manages approximately $25.6 billion in assets under management as of June 30, 2025, focusing on insurance and asset management solutions [9]. - Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S., dedicated to helping individuals achieve financial security [10].