Hillhouse Investment Reportedly to Acquire Marsh Financial Risk Management Unit PCS
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Hillhouse Investment is reportedly nearing an agreement to acquire Marsh's financial risk management and life insurance brokerage unit, Public Client Services (PCS). This unit primarily serves high-net-worth individuals in Asia and has over 8,000 clients across 50 markets. Hillhouse's bid is said to be higher than those of other private equity firms, with an announcement expected soon.
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