Dai-ichi Life Holdings, Inc. (TSE:8750) agreed to acquire 19.9% stake in Canyon Partners, LLC on March 14, 2024. The transaction is subject to customary closing conditions, including certain regulatory consents, which are expected to be satisfied over the coming months. Goldman Sachs & Co.

LLC and Ardea Partners LP acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Canyon Partners. BofA Securities, Inc. acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Dai-ichi Life Holdings, Inc.