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KKR completed a $1bn investment in USI Insurance Services.

Announced

Completed

Transaction Tags

  • Acquisition
  • Private
  • Private Equity
  • Friendly
  • insurance brokerage
  • United States
  • Insurance Brokers
  • Domestic
  • Minority
  • Completed
  • Single Bidder

Synopsis

KKR, an investment company, completed a $1bn investment in USI Insurance Services, a risk management, employee benefits and retirement consulting company. “When we embarked on our journey with KKR and CDPQ, we shared a vision about the forces impacting our industry and a plan for USI to be a leading innovator in that transformation, combining world-class sponsorship and investment with our team of experts, differentiated solutions and technology. The power of this strategic partnership has exceeded our expectations, and we are thrilled to be continuing our journey with the support of our long-term shareholders," Michael Sicard, USI Chairman and CEO.

Sources

Press Release

USI Insurance Services

Transaction Value

£802m

Consideration Type

Cash

Capital Owned

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