Global law firm Hogan Lovells has advised Marsh McLennan, on the sale of Mercer’s U.S. health and benefits administration and UK pension administration businesses to Bain Capital Insurance. The transaction is expected to close in late 2023, subject to customary approvals and other closing conditions.
The two businesses will form Aptia, a newly formed company with support from Bain Capital Insurance that will continue to provide service, support, and benefits plan management to more than five million people across more than 1,100 clients.
The Hogan Lovells team was led by London-based Corporate & Finance partner John Connell with support from senior associates Francesca Parker and Jennifer Crust; and associates Andreas Demetriou, Blaise Salle, Alexandra Miller, India Maddison and Madalena Marques. The U.S. aspects of the transaction was led by New York-based M&A partner Megan Ridley-Kaye with support from senior associate Ariel Anderson and associate Nicole Banton.
The team was supported by partner Edward Brown (Pensions), partner Stefan Martin (Employment), partner Graham Cutts (Real Estate) and partner Michael Thomas (Regulatory).
Kirkland & Ellis advised Bain.
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