KKR set for $3.3bn gain from $17bn USI Insurance sale to Aon
KKR is set to generate a $3.3bn gain from the sale of USI Insurance Services to Aon in a $17bn transaction, marking another sizeable realisation for the private equity firm as deal activity and exit markets begin to improve, according to a report by Bloomberg.
KKR is expected to realize a $3.3bn gain from the sale of USI Insurance Services to Aon in a $17bn transaction, according to a report by Bloomberg. This transaction is anticipated to generate approximately $2bn in adjusted net income for KKR, marking another significant exit for the private equity firm as deal activity and exit markets improve.
USI, one of the largest insurance brokerages in the US, will strengthen Aon's presence in the US middle-market insurance segment, with USI chief executive and chairman Mike Sicard becoming president of Aon and global CEO of its middle-market business.
Brief written by urgent.news from Private Equity Wire's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
