Willis Buys Opus Holdings
NU Online News Service, Nov. 11, 9:46 a.m. EST?Willis Group Holdings said it has agreed to acquire Opus Holdings Limited, a United Kingdom regional insurance broking and group benefits consulting firm, from the European buyout firm Bridgepoint Capital Limited.
Terms of the deal were not disclosed. The transaction is expected to be completed by the end of the year, pending regulatory approval.
With revenues of approximately ?13 million ($24 million U.S.), plans call for Opus to be merged with Willis UK & Ireland. The exception will be Opus' financial advisors group to private individuals, which, for regulatory reasons, will trade as a separate entity, London-based Willis said.
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