Blackstone to sell Alliant to KKR
Posted on: November 23, 2012 by Luisa BeltranNo Comments »
KKR is buying Alliant Insurance Services from the Blackstone Group. Financial terms weren’t announced. Alliant’s management and employees own about 45% of the company and are rolling over a “substantial portion,” a statement says. Alliant is a specialty insurance brokerage firm. The deal is expected to close in fourth quarter. JP Morgan Chase and Blackstone Advisory Partners acted as financial advisors to Blackstone.
