Divestiture/carve-outJun 3, 2026Pending
🇺🇸 United States
HFHartford FundsWMWellington Management
Financial Institutions › Asset & Wealth Management
Deal valueUndisclosed
AnnouncedJun 3, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentYes
Overview
Wellington Management agreed to acquire Hartford Funds from The Hartford under a definitive agreement, with $300 million in cash at closing plus additional payments over 7 years based on after-tax cash generated. The stated net present value of the transaction is estimated at $1.9 billion. The filing estimates the transaction's net present value at $1.9 billion; no price is stated.
Deal rationale
The deal turns a four-decade strategic partnership into a single integrated full-service U.S. wealth platform combining Wellington's investment capabilities with Hartford Funds' advisor distribution.
AI-generated from the SEC filingPendingFinancial Institutions › Asset & Wealth ManagementUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
JPJ.P. Morgan
Sell-side
GSGoldman Sachs
Parties
Acquirer
WMWellington Management
- Headquarters
- United States
- Ticker
- —
Seller
HThe Hartford
- Headquarters
- —
- Ticker
- —