Chicago-based Guggenheim Partners announced February 16 that it and a group of investors have reached a definitive agreement to acquire Security Benefit Corp., the Topeka-based firm that includes Security Financial Resources, Security Benefit Life, se2 , and SGI|Security Global Investors and Rydex|SGI. The Guggenheim group said it will invest “$400 million in Security Benefit,” and that it expects to close in the late second quarter or early third quarter of 2010. Additional terms were not disclosed.
Security Benefit acquired Rydex in January 2008.