Aon Risk Services announced the opening of a new Mergers and Acquisitions (M&A) service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa (MENA) region.
The launch of the new service follows last week’s announcement that Aon has opened a new regional headquarters in the Dubai International Financial Center (DIFC) (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/23/91226.htm).
Aon noted the “the increasing appetite of Gulf-based sovereign funds and companies for
expansion both domestically and internationally.” The new Merger and Acquisitions
Group (AMAG) has been established to support the needs of Aon’s Gulf-based clients’ merger & acquisition projects.
Tim Davies, director, AMAG (MENA), who heads up the service offering, has 20 years experience of global commercial insurance, including the last eight years working with the Private Equity industry.
He commented: “With the availability of capital, established sovereign wealth funds and an influx of international private equity firms setting up in the region, Aon is able to offer proactive risk identification, quantification and management at every stage of the deal – pre-transaction, during ownership and upon exit. Aon’s M&A service offering is even more valuable in light of the credit crunch, which is forcing banks to place additional focus on the terms under which they provide capital.”
Latif AlRayes, chairman, Aon Middle East noted: “There is an ever increasing need in the Middle East for sophisticated advice in areas beyond the traditional property and casualty issues. This new investment will add a designated risk and insurance due diligence service to the private equity and M&A sectors that complements the extensive and well-established services already offered by Aon throughout the MENA region.”
Mark Roberts, CEO, AMAG (EMEA and APAC) noted the growing importance of the region.
Source: Aon – www.aon.com
Topics Mergers & Acquisitions Aon
Was this article valuable?
Here are more articles you may enjoy.
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
Former Congressman Charged After Collision with State Trooper in Florida 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
