Third Point Announces the Acquisition of AS Birch Grove [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
NEW YORK, December 21, 2024 BUSINESS WIRE )--Third Point LLC ("Third Point"), an alternative investment manager with $12 billion of assets, today announced that it has entered into a definitive agreement to acquire AS Birch Grove LP ("Birch Grove"), a diversified alternative credit fund manager. Upon consummation of the transaction, expected in Q1 2025, American Securities will no longer be an owner of Birch Grove, which will become a subsidiary of Third Point. Third Point, founded in 1995 by CEO Daniel S. Loeb, is an event-driven investor in equities, venture capital, and credit strategies including structured, performing, distressed, and private credit. It holds a substantial portion of its assets in credit securities and introduced dedicated credit fund offerings beginning in 2020. Third Point launched Malibu Life Re, a life-and-annuity insurer based in the Cayman Islands, in 2024, and is expanding into other liability-driven investing businesses. The firm's acquisition of Birch
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 12/20/24 - Form 424B2
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- JEF's page on the SEC website