PE bidder competing to buy Brighthouse, Semafor says

Private-equity firms are circling life insurer Brighthouse Financial (BHF) in what could be a $9B takeover, reported Semafor. Sixth Street and Carlyle (CG) submitted a joint bid for the company, people familiar with the matter said, and offers are on the table from TPG, Apollo (APO), Nippon-owned Resolution Life, Jackson Financial, and Aquarian Holdings. Brighthouse, which the Financial Times reported in January was looking for a buyer, declined to comment, Semafor added.