Metlife Inc (NYSE:MET) to acquire Fortress’ fixed income asset management business Logan Circle Partners


MetLife, Inc. (NYSE:MET) and Fortress Investment Group LLC (FIG) announced a definitive agreement for MetLife to acquire Logan Circle Partners, L.P., Fortress’ traditional fixed income asset management business, for approximately $250 million in cash. Following the anticipated separation of Brighthouse Financial next month and assuming the closing of the Logan Circle Partners acquisition, MetLife’s Investment Management business (MIM) would have more than $560 billion in total assets under management, of which more than $140 billion would be managed on behalf of third parties.

Logan Circle Partners is a fundamental research-based investment manager providing institutional clients actively managed investment solutions across a broad spectrum of fixed income strategies. The Logan Circle Partners senior investment team has on average more than 20 years of investment management experience and has been working together since 2000. The firm has more than 100 institutional clients and more than $33 billion in assets under management as of March 31, 2017. Logan Circle Partners shares MetLife’s focus on investment performance, client service, and risk management.

On Friday MetLife, Inc. (NYSE:MET) share price closed at $56.17. Company net profit margin stands at -1.10% whereas its return on equity (ROE) is -0.90%. MetLife, Inc. (NYSE:MET) is -3.31% away from its 52 week high.

Civitas Solutions, Inc. (NYSE:CIVI) announced that it has completed the acquisition of Country Life Care Center (“Country Life”), a rehabilitation and post-acute care facility located in Riverton, Utah. With a total of 36 private living spaces, Country Life specializes in providing short- and long-term medical care for individuals who have experienced a catastrophic injury or illness, including traumatic brain and spinal cord injuries. Country Life generated revenues of approximately $9 million for the 12-month period prior to the acquisition.

“The Country Life Care Center is a perfect fit for our CareMeridian Specialty Rehabilitation Services business,” said Bruce Nardella, president and CEO of Civitas Solutions. “Similar to our CareMeridian programs, Country Life provides highly-skilled nursing and rehabilitation care in an environment that feels more like home. I am delighted to welcome the Country Life team and the individuals they care for to Civitas.”

Civitas Solutions, Inc. (NYSE:CIVI) traded 20480 shares and its share price increased 2.03% to close at $17.60. Company has 3.40% insider ownership. Civitas Solutions, Inc. (NYSE:CIVI) quarterly performance is -0.56% while its year to date (YTD) performance is -11.56%.

On Friday shares of RADA Electronic Industries Ltd. (NASDAQ:RADA) ended up at $2.20. This year Company’s Earnings per Share (EPS) growth is 66.80%. Beta of RADA Electronic Industries Ltd. (NASDAQ:RADA) is 0.33 while company weekly performance is 25.71%.

RadiSys Corporation (NASDAQ:RSYS) fell -16.94% to close at $2.99 on 07 July. Its return on assets (ROA) is -13.00% while return on investment (ROI) is -14.80%. RadiSys Corporation (NASDAQ:RSYS) price to sales (P/S) ratio is 0.60.


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