Hildene Capital Management has agreed to buy US annuity provider Silac, deepening its focus on insurance solutions amid growing annuity demand.
Hildene Capital Management (Hildene) has signed a definitive agreement to acquire Silac, the parent company of Silac Insurance Company, a provider of fixed and fixed indexed annuities in the US. The transaction is expected to close in mid 2026, subject to regulatory approvals. Hildene will acquire all outstanding common equity of Silac for around US$550m in cash Under the deal, Hildene will acquire all outstanding common equity of Silac for around US$550m in cash. As of 30 September, Silac r