A leading global professional services firm has announced a sale that allows it to sharpen its focus on delivering client advice and solutions, and enhances return on invested capital.
Aon has completed the sale of its benefits administration and HR BPO platform for cash consideration of $4.3 billion at closing, plus up to $500 million based on future performance, to private equity funds affiliated with Blackstone.
After customary working capital and other adjustments, the total after-tax proceeds were roughly $3.0 billion.
Join more than six hundred insurance companies and brokers who have grown revenue and reduced costs. Download our free white paper to learn how Docusign can help you improve your customer experience.
Greg Case, president and CEO of Aon plc., commented on the deal: “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.
“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.”
Related stories:
Aon announces new COO
Pressure on insurance workers as terrorism rises
