The end of year dealmaking rush continues.
This time Aon, one of the world's largest insurance brokers, has just announced it has bought a property and casualty broker NFP from private equity firm Madison Dearborn Partners and HPS Investment Partners for $13.4 billion. Below is a link to today's deal details:..
Most of the world's merger arbitrage community would probably prefer to see the back of insurance broking giant Aon after it's deal to merge with Willis Towers Watson collapsed in the summer of 2021.
But now there is a serious suggestion that the sleeping insurance giant is awakening again and on the prowl for another takeover deal...
It's hard for market practitioners to get enthusiastic about bid stories in this (almost official) bear market.
But let's not forget there have been three major deals announced this week - and it's only Wednesday!
On Monday, for example, insurance broker Aon agreed a $30 billion all share deal with Willis Towers Watson and Tesco announced the £8.2 billion sale of its Thai and Malaysian business to CP Group...