TPG (TPG) and Aquarian Holdings, an asset manager backed by Abu Dhabi’s Mubadala Capital, both submitted offers at a small premium to Brighthouse Financial’s (BHF) market value in the final round of bidding earlier this month, people briefed on the matter told Financial Times’ Antoine Gara, Sujeet Indap and Oliver Barnes. Blackstone (BX), Apollo (APO) and Carlyle (CG) weighed bids, but eventually dropped out of the process, the report noted.
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