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Brookfield to Acquire Rest of Canada’s Largest Private Mortgage Insurer for $1.6 Billion

US-Based Genworth Financial Previously Sold 57% Stake to Toronto Investment Giant’s Private Equity Arm
The private equity arm of Brookfield Asset Management is buying the 43% of Canada’s largest mortgage default insurer it doesn’t own in a $1.6 billion deal. (Ashley Hardman/CoStar)
The private equity arm of Brookfield Asset Management is buying the 43% of Canada’s largest mortgage default insurer it doesn’t own in a $1.6 billion deal. (Ashley Hardman/CoStar)
CoStar News
October 26, 2020 | 9:37 P.M.

Brookfield Business Partners, the Toronto-based private equity arm of Brookfield Asset Management, is paying $1.6 billion to acquire 43% of Canada's largest private default mortgage insurer.

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