Mergers & Acquisitions ·
Wellington Management agrees to acquire Hartford Funds business for $300M in cash plus ongoing economic participation
HIGHartford Insurance Group, Inc.
The Hartford Insurance Group, Inc. has entered into a definitive agreement for Wellington Management Company LLP to acquire its Hartford Funds business for $300 million in cash at closing plus ongoing economic participation. The company estimates the transaction's net present value to be $1.9 billion and expects to receive an initial quarterly payment of approximately $65 million following the expected first-quarter 2027 closing.