M&A Deal Summary

Willis Towers Watson Acquires MG

On March 31, 2019, Willis Towers Watson PLC acquired marketing company MG LLC from Clayton, Dubilier & Rice (CD&R) for 1.3B USD

Acquisition Highlights
  • This is Willis Towers Watson’s 1st transaction in the Marketing sector.
  • This is Willis Towers Watson’s 1st largest (disclosed) transaction.
  • This is Willis Towers Watson’s 2nd transaction in the United States.
  • This is Willis Towers Watson’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-03-31
Target MG LLC
Sector Marketing
Buyer(s) Willis Towers Watson PLC
Sellers(s) Clayton, Dubilier & Rice (CD&R)
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) J.P. Morgan Securities LLC (Financial)
Debevoise & Plimpton LLP (Legal)

Target

MG LLC

Fort Lee, New Jersey, United States
website
TRANZACT is a provider of end-to-end customer acquisition solutions to the insurance sector. TRANZACT serves the Auto & Home, Health, and Life insurance verticals for insurance carriers including MetLife, CIGNA, Progressive, and Mutual of Omaha, among others. TRANZACT was founded in 1997 and is based in Fort Lee, New Jersey.

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Buyer(S) 1

Buyer

Willis Towers Watson PLC

London, United Kingdom

website


Category Company
Founded 1828
SectorInsurance
Employees43,000
Revenue 9.0B USD (2019)
DESCRIPTION

Willis Towers Watson PLC is a global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Company unique perspective allows to see the critical intersections between talent, assets and ideas the dynamic formula that drives business performance. Willis Towers Watson was founded in 1828 and is based in London, the United Kingdom.


DEAL STATS #
Overall 5 of 9
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Office d’Assurances Aériennes G. de Cugnac (OAAGC)

Paris, France

Office d’Assurances Aériennes G. de Cugnac is a provider of aviation insurance solutions. All sectors of Aviation industry are subject to special attention such as aircraft exploitation, aviation manufacturers, ground handling or Airports operators, lessors, MRO’s.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Risk Capital Advisors Pty Ltd.

Sydney, Australia

Risk Capital Advisors Pty Ltd. is a global M&A insurance broker. Risk Capital is a highly-experienced and hands-on team, providing expert, technical advice on all aspects of M&A insurance.

Buy -

Seller(S) 1

SELLER

Clayton, Dubilier & Rice (CD&R)

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 34 of 42
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 11 of 14
State (New Jersey) 1 of 1
Country (United States) 25 of 32
Year (2019) 2 of 4
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-08 Covetrus, Inc.

Portland, Maine, United States

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 Sirius Computer Solutions, Inc.

San Antonio, Texas, United States

Sirius is a privately held, leading national solutions integrator focused on helping organizations transform their business by managing their operations, optimizing their IT, and securing it all. Sirius was founded in 1980 and is based in San Antonio, Texas.

Buy -