Financial services

Longshore-backed Revco acquires ARMC

Revco Solutions, which is backed by Longshore Capital Partners, has acquired Oradell, New Jersey-based ARMC, a healthcare revenue cycle management company that specializes in denials management.

HSBC in talks to sell its French retail bank to Cerberus: WSJ

HSBC is in talks to sell its French retail bank to Cerberus Capital Management, reported the Wall Street Journal.

Eurazeo to take majority stake in Groupe Premium

Eurazeo has agreed to acquire a majority stake in Groupe Premium, a French broker specializing in retirement savings, life insurance and death and disability insurance.

Bernhard Capital-led investor group to invest in Gray Surety

An investor group led by Bernhard Capital has agreed to make a significant investment in Gray Surety, a Louisiana-based provider of surety bonds to emerging and mid-market contractors.

Warburg Pincus invests in Edelman Financial Engines

Warburg Pincus has made an investment in Edelman Financial Engines, a financial planning and investment management firm.

PE-backed Mercer Advisors buys Epstein & White Financial

Mercer Global Advisors Inc, which is backed by Oak Hill Capital and Genstar Capital, has acquired Epstein & White Financial LLC, a San Diego-based wealth management firm.

Assurant to sell Global Preneed for about $1.3bn

Assurant has agreed to sell Global Preneed, its funeral insurance and final expense business, to CUNA Mutual Group, for about $1.3 billion in cash.

Levine Leichtman acquires Creditinfo Group

Creditinfo will be the fourth investment from Levine Leichtman Capital Partners Europe II.

Apollo merges with retirement services company Athene in $11b deal

Apollo shareholders will own approximately 76% of the combined company on a fully diluted basis, and Athene shareholders will own approximately 24%.

Apollo to buy Athene for about $11bn

Apollo has agreed to acquire Athene for about $11 billion.