Asset Allocation
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
The specter of higher capital gains taxes in 2022 accelerated activity, Echelon says.
The deal will create one of the most significant mergers of its kind, the plans say.
The economic slump has held down merger action in 2020.
The transaction will form the biggest insurance broker in the world.
Deloitte poll finds that 63% of dealmakers look for more activity this year, down from 2019’s expectations.