Simpson Thacher is representing Massachusetts Mutual Life Insurance Company (MassMutual) in connection with Aquiline’s investment in Flourish, a wealthtech platform currently owned by MassMutual. Following the closing, Aquiline will hold a controlling interest in Flourish, while MassMutual will retain a significant stake. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.
Flourish is an innovative wealthtech platform which equips registered investment advisors with private-bank-like solutions to deliver better results for their clients. Having grown assets under custody in its advisor-led cash-management solution from $1 billion to $8 billion in five years, Flourish recently launched the first home-lending solution designed exclusively for the independent advisor channel.
The Simpson Thacher team includes Matt Rogers, Oleg Stratiev, Ellen Gao, Alberto Punzi and Davi Sacco (M&A); Jamie Talbot and Anthony Tran (Intellectual Property); Jonathan Goldstein and Joana Li (Tax); Jamin Koslowe, Nick Deguines and Maria Meyerhoefer (Executive Compensation and Employee Benefits); Meredith Abrams, Raymond Jensen and Margaret Foster (Regulatory); Jared Wilner and Steve DeLott (Insurance); and Krista McManus (Real Estate).