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New York Life deal gives Navigator a cash-rich next chapter for Invictus
8:12am on Tuesday 29th of September, 2026 AEST
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Asset Management
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New York Life deal gives Navigator a cash-rich next chapter for Invictus
8:12am on Tuesday 29th of September, 2026 AEST
Key Points
NYLIM to acquire 60% of Invictus in an expected first-quarter 2027 closing
NGI expects net upfront proceeds of USD40-43 million
Potential earn-out of up to approximately USD32 million through 2029
NGI will retain interests and receive further consideration at the 2031 closing
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