TPG Takes $500 Million Minority Stake in Jackson Financial Inc

Reuters01-06
TPG Takes $500 Million Minority Stake in <a href="https://laohu8.com/S/JXN">Jackson Financial Inc</a>

$Jackson Financial Inc(JXN-A)$. has entered into a definitive investment agreement with TPG Inc., under which TPG will acquire a $500 million equity stake in Jackson. As part of the transaction, Jackson will issue TPG 4,715,554 shares of its common stock at $106.03 per share, representing approximately a 6.5% common equity stake. Additionally, TPG will issue $150 million in its own common shares—2,279,109 shares at $65.82 per share—to a wholly owned, indirect subsidiary of Jackson. Both share issuances are priced at market value based on the 30-day unaffected volume-weighted average price as of January 4, 2026. The agreement includes certain limitations on the ability of either party to divest their ownership stakes over time. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jackson Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260106214130) on January 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment