Private equity firms Aquiline Capital Partners LLC and Genstar Capital LLC are buying Genworth Wealth Management for $412.5 million.

Genworth Wealth was owned by Genworth Financial Inc. (NYSE: GNW). The company provides investment management and consulting, as well as alternative investing services through Genworth Financial Wealth Management and Altegris, respectively. The deal was announced March 27.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.