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Aon Nears $17 Billion USI Deal
Aon is reportedly close to acquiring USI Insurance Services from KKR for roughly $17 billion including debt.
If completed, the deal would expand Aon's position in commercial insurance and the midsize business market.
For traders, the deal creates several potential winners and losers.
Winners
Alternative asset managers
Names: $KKR, $BX, $APO
The clearest winner is $KKR. KKR and CDPQ acquired USI in 2017 in a transaction worth about $4.3 billion including debt. A sale near $17 billion would represent a major increase in value.
$BX and $APO are not directly involved, but a large deal at a strong…
The skinny
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