Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Aon’s benefits outsourcing unit for sale for $5 billion: Report

Reprints
Aon’s benefits outsourcing unit for sale for $5 billion: Report

Aon P.L.C. is reportedly looking to sell its benefits outsourcing unit for $5 billion in an effort to focus more on its insurance and risk management business.

According to a Reuters report, the deal would undo much of Aon’s $4.9 billion purchase of Hewitt Associates in 2010.

Aon is working with investment bank Morgan Stanley on the sale of the unit, which has attracted interest from private equity firms, the report said citing “people familiar with the matter.”

The deal negotiations are complex and could take several more weeks, the report said. The unit has 12-month earnings before interest, taxes, depreciation and amortization of close to $500 million, Reuters said.

Aon did not immediately return calls seeking comment.

 

 

 

Read Next