Investment - Articles - Aon complete sale of outsourcing platform to Balckstone


Deal sharpens focus on delivering advice and solutions for clients, accelerates innovation and improves return on invested capital

 Aon plc announced that it has completed the sale of its benefits administration and HR BPO platform to private equity funds affiliated with Blackstone for cash consideration of $4.3 billion at closing, and additional consideration of up to $500 million based on future performance. Total after-tax cash proceeds were approximately $3.0 billion after customary working capital and other adjustments.

 “The completion of this transaction reinforces our position as the leading global professional services firm providing a broad range of risk, retirement and health solutions,” said Greg Case, president and chief executive officer, Aon plc. “The incremental capital we have generated allows us to accelerate investment in our proprietary data and analytics capabilities and pursue new opportunities to address emerging client needs, similar to recent acquisitions in the cyber risk advisory and health solutions space.”
  

Back to Index


Similar News to this Story

Frozen thresholds will drag 18m into paying income tax
New freedom of information data from HM Revenue and Customs (HMRC), obtained by Quilter, the financial adviser and wealth manager, reveals the freeze
Scottish Friendly appoint Schroders as investment partner
Schroders have announced it has been appointed by Scottish Friendly as its new investment management partner for a £2.1 billion multi-asset and insura
Just Group complete buyin for South East Water Pension
Secures the benefits of around 700 pensioner and dependent members and almost 300 deferred members. Second transaction to complete objective of guaran

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.