M&A
confidence high
sentiment positive
materiality 0.85
Abacus Life completes acquisition of Carlisle Management, adds ~$2B AUM, pays 9.2M shares and $72.7M notes
Abacus Global Management, Inc.
- Consideration: 9,213,735 Abacus common shares and $72.7M principal of 9.875% Senior Notes due 2028.
- Carlisle is a Luxembourg-based life settlement fund manager with over $2B in assets under management.
- Jose Garcia, Carlisle CEO, joins Abacus Life's executive leadership team.
- 10% of consideration held in escrow for 18 months for purchase price adjustment and indemnification.
- Sellers subject to lockup until July 3, 2025, with transfer limitations.