Aon has completed the sale of its benefits and HR platform to Blackstone-linked private equity funds for a cash consideration of $4.3bn. The deal is also worth up to another $about $3bnm based on future performance. Total proceeds, after tax, were 500 after customary working capital and other adjustments. Aon's president and CEO, Greg Case, commented: "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 need."
Aon has completed the sale of its benefits and HR platform to Blackstone-linked private equity funds for a cash consideration of $4.3bn. The deal is also worth up to another $500m based on future performance. Total proceeds, after tax, were about $3bn after customary working capital and other adjustments. Aon's president and CEO, Greg Case, commented: "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 need."