Wellington to Acquire Hartford Funds in $1.9 Billion Deal

Paul, Weiss is advising Wellington Management, a leading independent investment manager, in its acquisition of Hartford Funds, a leading provider of investment solutions for the wealth management market, from The Hartford. Under the terms of the deal, valued at an estimated $1.9 billion, The Hartford will receive $300 million in cash at closing and additional payments based on the available after-tax cash generated by the combined company over seven years. The transaction is expected to close in the first quarter of 2027, subject to regulatory and fund approvals.

The Paul, Weiss team is led by corporate partners Matthew Collin and David Hepp and includes counsel Martin Ziessler and Harshini Kanduru; tax partner Lindsay Parks, and counsel Dhrumit Joshi and Daniel Bleiberg; executive compensation partner Christopher Gonnella; litigation partner John Carlin; intellectual property partner Jonathan Ashtor and counsel Phil Grudzina; and antitrust partner Peter McCormack.