(CercleFinance.com) – USI Insurance Services, specialist in risk management, employee benefits and retirement consulting, today announced that existing shareholder, KKR, will make a new capital investment of more than 1 billion dollars in society.
As a reminder, KKR and CDPQ acquired USI in 2017 in partnership with USI management and employees.
Under the agreement, KKR and USI will purchase shares of USI held by CDPQ and certain other investors; more than 50% of the shares held by CDPQ will be purchased as part of the transaction.
Upon closing of the transaction, KKR will become USI’s largest single shareholder.
The transaction is expected to be completed by the end of 2023.
Terms of the transaction were not disclosed.
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