Pacific Current Group sells Victory Park Capital stake to CNO Financial
MELBOURNE: Australia’s Pacific Current Group (PAC.AX) said on Thursday it has agreed to sell a portion of its stake in U.S.-based asset manager Victory Park Capital (VPC) to insurer CNO Financial Group (CNO.N) for $5.5 million. The deal involves the sale of 18% of PAC’s remaining 11.2% equity interest in VPC’s management company and a…