DEAL ANNOUNCEMENT / PRESS RELEASE
December 20, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Aon plc (Aon), a leading global professional services firm, in its acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and also from funds affiliated with HPS Investment Partners. The purchase price is an estimated $13.4 billion at the time of closing, including $7 billion of cash and $6.4 billion of Aon stock.
The transaction expands Aon’s presence in a large and fast-growing middle-market segment, with opportunity to enhance distribution through the firm’s Aon Business Services platform to deliver more value to clients. NFP will operate as an independent but connected platform, going to market as “NFP, an Aon company.”
The McDermott team was led by Michael Byrne, Andrea Best and Amber Adair and included Marisa Young, David Solander, Eugene Goldman, Kristen Hazel, John Lutz, Andrew Granek, Mimi Alexandre, Erin Kelly, Sarah Raaii, Peg Warner, Lisa Kaderabek and Andrew Liazos.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
