KKR/CDPQ $4.3 billion acquisition of USI Insurance Services

Overview:

• US private equity firm Kohlberg Kravis Roberts (KKR) and Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) have acquired USI Insurance Services in a $4.3 billion deal.
• USI had been a portfolio company of seller Onex Corporation.
• Onex had acquired USI from a fund managed by Goldman Sachs for $2.3 billion in 2012.
• The transaction is expected close in the second quarter of 2017.

Kurt Stumpo - Journalist