Jefferies to acquire 50% interest in Hildene Holding Company and support SILAC acquisition

Jefferies Financial Group Inc.

Jefferies will invest $340M cash, contribute $75M in equity interests, and exchange revenue-share rights for 50% of Hildene Holding Company.
Hildene will use proceeds to acquire SILAC, a fixed indexed annuity provider, for $550M cash.
Jefferies expects an immediate accretion to net earnings and a pretax gain of approximately $75M at closing.
Hildene has over $18B AUM; Jefferies expects reduction in its investment platforms by over $500M in 2026.
Transaction expected to close in Q3 2026 subject to regulatory and client approvals.

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