KKR To Buy Specialty Insurance Broker From Blackstone

Law360, New York (November 26, 2012, 1:31 PM EST) -- New York private equity giant Kohlberg Kravis Roberts & Co. LP will acquire California-based Alliant Insurance Services Inc., the largest specialty insurance brokerage firm in the U.S., from The Blackstone Group LP, KKR announced Friday.

KKR will acquire Alliant from funds managed by New York-based Blackstone, it said. Alliant's management and employees, who own roughly 45 percent of the company, will roll over the bulk of their investment as part of the deal.

Financial terms of the deal were not disclosed, and spokespeople for KKR and...
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