Corebridge Financial entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva for a total consideration of £460 million ($462 million) in cash.
Cambridge Bancorp and Eastern Bankshares entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million.
Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.
Rithm Capital and Sculptor Capital Management entered into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A share of Sculptor.
An investor consortium led by Symphony Technology Group completed the acquisition of Momentive, the maker of SurveyMonkey, in a transaction valued at approximately $1.5 billion. Silver Point acted provided committed debt financing in support of the acquisition.
Cvent Holding Corp., a meetings, events and hospitality technology provider, entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.
Sumitovant Biopharma completed its acquisition of Myovant Sciences originally announced Oct. 23, 2022. Sumitovant has acquired all outstanding shares of Myovant not already owned by Sumitovant in an all-cash deal with a total transaction value of approximately $1.7 billion.
Bowlero, an owner and operator of bowling centers, closed a $900 million term loan B. J.P. Morgan Securities, Wells Fargo Securities, Credit Suisse Securities and Deutsche Bank Securities served as deal managers.
TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.
Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.