Aquiline Capital Partners’ Acquisition of Aon’s U.S. Retirement Business

Ropes & Gray represented Aquiline Capital Partners in the transaction, while Latham & Watkins LLP advised Aon.

Aquiline Capital Partners executed the acquisition of Aon plc.’s U.S. retirement business. Separately, Aon sold its Aon Retiree Health exchange to Alight. The two deals combined for total gross considerations of $1.4 billion.

The transactions address certain questions raised by the U.S. Department of Justice in relation to the agreed merger of Aon and Willis Towers Watson.

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.

Aquiline is a private investment firm based in New York and London investing in businesses across financial services and technology, business services and healthcare. The firm had $6.4 billion in assets under management as of March 31, 2021.

The Ropes & Gray team advising Aquiline was led by private equity partners Scott Abramowitz (Picture) and Daniel Evans, and included private equity associate Samuel Levitt, finance partners Stefanie Birkmann and Andrea Hwang, IP transactions partner Violetta Kokolus (all of New York), litigation & enforcement partner Michael McFalls (Washington D.C.), employment, executive compensation & benefits partner David Kirchner and real estate partner Alison Rundlett (both of Boston).

Latham & Watkins LLP advised Aon with a team led by New York and Orange County partner Charles Ruck and Chicago partners Bradley Faris and Max Schleusener, with associates Matthew Dixon, Henna Jalal, Chad Leiper, and Carlyle Reid. Washington, D.C. partner Nicholas DeNovio and Los Angeles partner Larry Stein, with associates Pierce Pandolph and Sam Yang, advised on tax matters; Washington, D.C. partners Marc Williamson and Ian Conner, with associate Tara Tavernia, advised on antitrust matters; New York partner Jennifer Pepin, with associates Daniel Gocek and Samantha Voutyras, advised on benefits and compensation matters; and New York partner Jeffrey Tochner and counsel Carrie Girgenti, with associate Max Miroff, advised on intellectual property matters.

Involved fees earner: Ian Conner – Latham & Watkins; Nicholas DeNovio – Latham & Watkins; Matthew Dixon – Latham & Watkins; Bradley Faris – Latham & Watkins; Carrie Girgenti – Latham & Watkins; Daniel Gocek – Latham & Watkins; Henna Jalal – Latham & Watkins; Chad Leiper – Latham & Watkins; Max Miroff – Latham & Watkins; Pierce Pandolph – Latham & Watkins; Jennifer Pepin – Latham & Watkins; Carlyle Reid – Latham & Watkins; Charles Ruck – Latham & Watkins; Max Schleusener – Latham & Watkins; Laurence Stein – Latham & Watkins; Tara Tavernia – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Samantha Voutyras – Latham & Watkins; Marcellus Williamson – Latham & Watkins; Sam Yang – Latham & Watkins; Scott Abramowitz – Ropes & Gray; Stefanie Birkmann – Ropes & Gray; Daniel Evans – Ropes & Gray; Andrea Hwang – Ropes & Gray; David Kirchner – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Sam Levitt – Ropes & Gray; Michael McFalls – Ropes & Gray; Alison Rundlett – Ropes & Gray;

Law Firms: Latham & Watkins; Ropes & Gray;

Clients: Aon plc ; Aquiline Capital Partners;

Author: Martina Bellini