Generali Investments expands its US portfolio with the acquisition of MGG Investment Group

The Italian insurance giant Generali, through its global investment division Generali Investments, has announced plans to acquire a significant 77% stake in the American investment firm MGG Investment Group. The purchase price for this stake is 320 million US dollars. MGG Investment Group, founded in 2014 by Kevin Griffin and the private family business McCourt Global in New York, manages over 6 billion US dollars in assets. The company is known for its specialized services in senior secured loans and structured capital solutions for mid-sized companies in the USA. The transaction is expected to close later this year, with an anticipated moderate decrease in Generali's Solvency II ratio by two percentage points. If MGG achieves certain operational milestones in the future, the purchase price could increase. Generali Investments emphasizes that MGG's investment strategy will remain unchanged and Kevin Griffin will continue to serve as CEO.