Report: Marsh & McLennan May Sell Kroll for $1.3 Billion

Tuesday, 09 Mar 2010 03:08 PM


Marsh & McLennan, the No 2. global insurance broker, has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first round of bidding, the Financial Times reported.

Three firms, The Carlyle Group, Apax Partners and General Atlantic, submitted bids in late February by the deadline for first expressions of interest, the Financial Times reported, citing people familiar with the situation.

Those people also said BC Partners may also want to make an offer along with one or two trade bidders, according to the Financial Times.

Marsh's Chief Executive Brian Duperreault has cut thousands of jobs and sold off unwanted units of Kroll since joining the company in 2008.

Marsh, Carlyle, Apax, General Atlantic and BC Partners did not immediately return calls seeking comment on the report.

Marsh bought Kroll from its founder Jules Kroll for $1.9 billion in cash in 2004.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved