Kaye Scholer Reps Onex In $2B Insurer Buy From Goldman Fund

Law360, New York (November 26, 2012, 12:12 PM EST) -- Canadian private equity firm Onex Corp. will purchase New York insurance broker USI Insurance Services LLC from a private fund managed by Goldman Sachs Group Inc. in a deal worth $2.3 billion, USI announced Monday.

The private equity firm is to buy USI from GS Capital Partners VI Fund LP, part of Goldman Sachs' private equity division, in a deal expected to close by the end of the year. Onex Partners III LP, Onex's $4.7 billion private equity fund, will make an equity investment of $700...
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