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Announced

Aquiline Capital and Alight to acquire US retirement business and retiree health exchange business of Aon for $1.4bn.

Financials

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Transaction Value£990m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Disposal

Pending

Friendly

Acquisition

retirement consulting

United States

Private

Domestic

retirement insurance

Insurance Brokers

Majority

Single Bidder

Private Equity

Synopsis

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Private equity firm Aquiline Capital Partners and Alight Solutions, a SaaS provider, agreed to acquire the US retirement business and retiree health exchange business of Aon, a professional services provider, for $1.4bn. Aquiline agreed tp acquire the US retirement business, while Alight Software to acquire Aon Retiree Health Exchange business. The agreements are intended to address certain questions raised by the US Department of Justice in relation to the combination with respect to the markets in which these businesses are active. Aon and Willis Towers Watson continue to work toward obtaining regulatory approval in all relevant jurisdictions. These agreements further accelerate our momentum to close our proposed combination with Willis Towers Watson. These are very capable teams that have demonstrated exceptional dedication to our clients and our firm. I want to recognize their contributions and reinforce that we are confident they will have similar opportunities with Aquiline and Alight," Greg Case, Aon CEO.

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