KKR sells USI to Aon for $17 billion as UBS reaffirms Buy rating

  • KKR is selling USI Insurance Services to Aon plc for $17 billion.
  • UBS analyst Michael Brown set KKR a $123 price target, implying 15% upside.
  • KKR faces a record $250 million Justice Department penalty over premerger rules.

KKR is selling USI Insurance Services to Aon plc for $17 billion, a transaction expected to generate $3.3 billion in after-tax proceeds. UBS analyst Michael Brown reaffirmed a Buy rating on KKR and set a $123 price target, implying 15% upside. The deal comes as KKR faces a record $250 million Justice Department penalty tied to premerger rules.

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