{"id":60232,"date":"2023-09-12T23:32:08","date_gmt":"2023-09-13T03:32:08","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/kkr-to-invest-more-than-1-billion-in-usi-insurance-to-become-largest-shareholder\/"},"modified":"2023-09-12T23:32:11","modified_gmt":"2023-09-13T03:32:11","slug":"kkr-to-invest-more-than-1-billion-in-usi-insurance-to-become-largest-shareholder","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=60232","title":{"rendered":"KKR to invest more than $1 billion in USI Insurance to become largest shareholder"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS\/Brendan McDermid\/\/File Photo<\/span>
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(Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to become the largest stakeholder.<\/p>\n

Private equity firm KKR and USI will purchase shares of USI held by pension fund Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ) and certain other investors, as part of the agreement.<\/p>\n

More than 50% of the USI shares held by CDPQ will be purchased as part of the transaction.<\/p>\n

CDPQ and KKR bought USI in 2017 from investment manager Onex for $4.3 billion, including debt.<\/p>\n

USI provides insurance and employee benefit-related products to U.S. companies. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS\/Brendan McDermid\/\/File Photo (Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of […]<\/p>\n","protected":false},"author":1,"featured_media":3798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-60232","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nKKR to invest more than $1 billion in USI Insurance to become largest shareholder | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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