Investor Group Completes AmeriLife Recapitalization

March 25, 2020 by Allison Bell

AmeriLife Group LLC appears to be going into the COVID-19 turmoil with a lot of cash.

An investor group led by Thomas H. Lee Partners L.P., a private equity firm, has completed a recapitalization transaction involving AmeriLife, AmeriLife announced Thursday.

The Thomas H. Lee investor group acquired control over the company from an investor group managed by J.C. Flowers & Company LLC.

AmeriLife — a Clearwater, Florida-based life, health and annuity distributor with relationships with about 140,000 insurance agents and advisors — announced the Thomas H. Lee investor group recapitalization agreement in January.

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Originally Posted at ThinkAdvisor on March 20, 2020 by Allison Bell.