Abacus Life Closes Purchase of $2B Life Settlement Fund Manager Carlisle

Abacus Life announced that it has completed the acquisition of Luxembourg-based investment fund manager Carlisle Management Company, adding $2B in AUM to its ABL Wealth Division.

Upon the completion of the deal, Carlisle CEO Jose Garcia joins ABL’s executive leadership team. A global asset manager specializing in the use of longevity data and actuarial technology to identify uncorrelated investment opportunities, Abacus said the addition of Carlisle, which specializes in funds in the life settlement space, will support its goals to diversify and expand its product offerings.

Acquisition talks between the two companies started as early as June this year. In the deal, shareholders of Carlisle will receive $73.5M in Abacus bonds and 9.3 million shares of Abacus common stock, subject to adjustments and performance conditions.

Dynasty Investment Bank served as financial advisor for Abacus Life, while White & Case LLP and Elvinger provided legal counsel. Manorhaven Capital served as financial advisor for Carlisle, and ArentFox Schiff LLP, TS&P and Arendt & Medernach SA served as legal counsel.

Source: https://www.globenewswire.com/news-release/2024/12/02/2989934/0/en/Abacus-Life-Completes-Acquisition-of-Carlisle-Management-Company-S-C-A.html