Aquarian Capital LLC (Aquarian) is acquiring Brighthouse Financial, Inc. (Brighthouse) in a US$4.1 billion all-cash deal, marking a major move in the US retirement and annuities market.

Aquarian, a global holding company with investments in insurance and asset management, has signed a definitive merger agreement to acquire Brighthouse Financial for US$70 per share in a transaction valued at approximately US$4.1 billion. The acquisition will see Brighthouse Financial continue to operate as a standalone company Brighthouse is a top provider of Rila (registered index-linked annuity) products in the US annuities market. It was in the second spot in the list of the top