KKR To Sell USI to Aon plc in $17 Billion Transaction
Demonstrates power of KKR business model and continued strong monetization activity
Transaction represents approximately 6.0 times the original equity KKR invested in 2017 and 3.4 times the total KKR balance sheet capital invested over the life of KKR’s investment in USI
Subject to closing, exit expected to generate approximately $3.3 billion of after-tax proceeds for KKR and approximately $2.0 billion of Adjusted Net Income (ANI) or over $2.00 per share of ANI
KKR & Co. Inc. (NYSE: KKR) today announced the signing of a definitive agreement with Aon plc under which Aon will acquire USI Insurance Services (“USI” or the “Company”), a leader in risk management, employee benefits and retirement consulting, for a total consideration of $17 billion from KKR and its co-investors.
