04 Jun 2024 Cases

Compass Lexecon Assists Aon in $13 billion Acquisition of NFP

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Compass Lexecon was retained by Aon plc, a leading global professional services firm providing a broad range of risk and human capital solutions, to provide economic analysis to assess the potential competitive effects arising from Aon’s proposed acquisition of NFP, a middle market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor.

The proposed merger required regulatory filings in the US, Canada, Ireland, and the UK with the Compass Lexecon team heavily involved in preparing submissions in each jurisdiction. This work involved detailed analysis across multiple product and service categories. On February 21, 2024, Aon announced that the waiting period had expired without a Second Request from the DOJ, and following clearances or no-action determinations in other jurisdictions, Aon successfully closed the acquisition of NFP on April 25, 2024.

Jonathan Orszag was supported by a Compass Lexecon team led by Colleen Loughlin that included Heather Spang, Dan Stone, Elizabeth Wall, Mike Foley, Tongtong Shi, Ben Xiao, and Kirupa Ramaiah.

Compass Lexecon worked closely with Elise Kirban, Aon Global Chief Counsel for Competition, a team of global lead attorneys at Cravath, Swaine & Moore LLP led by Margaret Segall and Christine Varney that included Lauren Reisig and Tal Bright; Calum Warren and Kate Lenihan of Matheson LLP in Ireland; Jason Gudofsky, Erin Keogh and Will Rooney at McCarthy Tétrault in Canada; and Rahul Saha, Alaric Green and Nicola Earle of Willkie Farr & Gallagher LLP in the UK.

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